Loose Change
GLOBALCAPITAL INTERNATIONAL LIMITED, a company
incorporated in England and Wales (company number 15236213),
having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Loose Change

Nowhere is the world's oldest profession more legal than in the Netherlands where the booming sex industry pays tax, but prostitutes say they still struggle to gain the financial acceptance they need from Dutch banks. According to Reuters, Amsterdam's ladies of the night consider themselves small business entrepreneurs, and want bank accounts which show their income is not personal so that expenses like condoms and sex toys can be tax-deductible. A complaint against ING Group with the Office of Fair Treatment, claiming sexual discrimination. ING claims it's policy has never been to do business with any persons from the sex industry, as this might offend other clients in the 65 countries it operates, which might not be as liberal as the Dutch.

Related articles

  • Moribund markets? Context is everything

    FIG issuers should look back on 2024 as a year well played
  • You can finance offices with CMBS after all

    Hera proved CMBS can play a part in financing the right office portfolios
  • Roundtable: Markets reopen into an unclear future

    From elections to equivalence, it has been an interesting year for the euro covered bond market. As the European Central Bank has fully left the market, covered funders have needed to unearth new — and returning — pockets of demand. In early August, GlobalCapital virtually convened a panel of issuers, investors and intermediaries to discuss what shaped euro covered bond issuance this year, and what is in store for 2025
  • Offshore banks find new demand in euro covered bonds

    Euro covered bonds are becoming an increasingly global product. Offshore issuance is on the rise as banks — and investors — look to diversify their portfolios, writes Frank Jackman
  • Issuers look at cover pools beyond mortgages

    Covered bonds are not just for mortgages. Interest in secured funding is growing across Europe as issuers look to use all the assets on their balance sheets. But regulatory requirements could hinder development and push issuers to seek out alternative modes of financing, reports Frank Jackman
  • Covered issuers gain upper hand

    Though issuance may fall short of hitting record heights in 2024, the euro covered bond market looks in robust shape, with longer tenors and tighter prices available for issuers. Austin Barnes writes that the data from GlobalCapital’s Primary Market Monitor shows just how strong conditions have been
Gift this article