The Netherlands may lose its advantage when it comes to attracting foreign investment because other countries such as Britain are making their tax regimes more attractive, the Financieele Dagblad reports on Tuesday.

The paper bases its claim on interviews with lobby groups and tax advisers.

For example, Amcham, the American Chamber of Commerce in the Netherlands, has warned junior finance minister Frans Weekers that American firms are regularly opting for London rather than the Netherlands, the paper says.

Both new firms and existing companies such as holdings are turning to Britain.

Amcham points out that while three-quarters of the US capital which comes into the Netherlands moves out again via letterbox companies, the money which remains is more than French, German and Belgian investments combined.