Dutch purchase of Rembrandt work criticised over tax haven link

Questions raised over move to buy The Standard Bearer for €175m from trust in the Cook Islands

The Dutch government is facing criticism after it emerged that a Rembrandt masterpiece is to be bought by the state from the Rothschild family through a tax haven in the south Pacific.

A debate in the country’s senate heard that the €175m (£145m) purchase of The Standard Bearer would be from a trust located in the Cook Islands whose holding company is located in Saint Vincent and the Grenadines, also a tax haven.

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