Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
EXPO 2015, August 23-26, New Orleans
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Swinger Vacations!

Eva Angelina at Twistys

August 05, 2001 04:30pm
Dutch Prostitutes Mean Business
Source: Reuters
by: Melanie Cheary

(AMSTERDAM) -- 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.

Amsterdam's Ladies of the Night consider themselves small business entrepreneurs -- providing a service in a sector where demand far exceeds supply.

They want bank accounts which show their income is not personal so that expenses -- like condoms and sex toys -- can be tax-free and tax-deductible.

Dutch banks say prostitution is too risky a business, too associated with crime and too likely to offend other clients.

But the representative body for the around 20,000 prostitutes in The Netherlands says banks are sexist, judgmental, worried what people might think and missing out on a good opportunity in an industry estimated to earn almost $1 billion annually.

SEXIST OR SHY

The Rode Draad (Red Thread), which acts and speaks on behalf of prostitutes, has filed a complaint against the Dutch bank ING Groep with the Office of Fair Treatment, a forum for voicing complaints about inequality.

The case, which had its first hearing last week, alleges discrimination against women because ING won't allow prostitutes to open the kind of commercial bank accounts to which, they say, as legitimate workers in a legal industry, they are entitled.

ING, the country's biggest financial group by market capitalisation, says it does not want its name tied in any way to sex and that this might offend other clients in the 65 countries it operates, which might not be as liberal as the Dutch.

``We're not discriminating against women. Our policy for years has been that we don't want to do business with persons from the sex industry, the entire sex industry. Not only prostitutes but also makers of porn videos and other articles,'' says ING spokesman Peter Jong.

``We don't have a moral judgment on this. Our decision is purely business. There is too big a risk. The sex industry is not very stable, not very transparent and so it is difficult to calculate the risks,'' he added, raising the point that the large amount of cash changing hands could facilitate money laundering.

THE BUSINESS

Prostitution was banned in the Netherlands in the 17th century but legalised by then-ruler the French emperor Napoleon in 1815.

Since 1988 it has been officially defined as a legal profession and prostitutes joined the service sector union. They have been required to pay income tax since 1996.

``We're talking about a legal branch of the sex industry here. It's been legal since Napoleon. They've had a few hundred years to research the risk,'' says Rode Draad spokeswoman Christy ten Broeke from the organisation's headquarters near Amsterdam's thriving red light district.

``Sex is a major industry and booming. If a bank is clever and wants to make money they should take our business,'' she added, making a passing reference to the global economic downturn and the pressure this has put on banks' bottom lines.

As private clients, who don't need to disclose their occupation, prostitutes in The Netherlands can open current and savings accounts like other people with money.

But sex workers say they face a cold shoulder when trying to open commercial accounts that will allow their revenues to be treated commercially by tax authorities and open up small business credit facilities needed to rent and decorate premises from which they conduct their trade.

``They want to be taxed as a business and not as a private individual. This will entitle them to some tax deductible items, like condoms and other materials,'' Ten Broeke says.

``It would also make it easier for clients. Some clients pay by credit card or cheque and it would allow them some privacy if a neutral business name was shown on accounts or receipts rather than the woman's name,'' she adds.

ATTACK AND DEFENCE

A decision on last week's hearing is expected from the Office of Fair Treatment in a few weeks. The decision is non-binding but could guide banks' policy.

While ING is the target of the prostitutes' complaint, other banks have also presented problems, forcing some sex workers to open business bank accounts under false company names.

Another large Dutch bank, ABN AMRO initially rejected an application for a commercial account made by Ten Broeke when she said she was from the Rode Draad.

But shortly afterwards she received a letter saying that a mistake had been made and if she could produce a registration number from the country's commerce authorities, such an account could be opened.

``In general we say every businessman and woman is welcome and, if we see good business prospects, we see no reason to say no even if it is a prostitute,'' ABN AMRO spokesman Jochem van de Laarschot told Reuters.

``There is no such thing as a policy that we say ''no`` to anyone in this sector. But of course we don't say ''yes`` to everyone either. I do believe our records show that prostitutes have commercial accounts with us,'' he added.

But Van de Laarschot emphasises that the geographical location from which a prostitute requests a business account has to be considered.

``If it is Amsterdam, sure, but if it's Veluwe, the Dutch Bible Belt, then this could offend some of our other clients.''

($1 equals 2.508 Guilders)


Related Stories

Related Sites - WARNING! Graphic Content

RavenBay01.3gp

See BiBi Jones at Digital Playground

Top Stories

Amia Miley Brazzers Contract

Epoch Club Special Event

Shade X from Smash

BBW Con 2015

UKAP Awards Site Live

Nikki Phoenix Radio Update

Ideal Image Supperclub Party

MWA: 06/12/15

XBIZ 2016 Announced

The Interview XXX

Starfall to Exxxotica

Mercy West Available

Library Girl at Exxxotica

Karmen Karma Top Shelf

MWA: 06/08/15

Payton Sin Claire on SDR

Angela Sommers in Houston

Prinzzess at Treasure Chest

Danica Dillon in Bath

MWA: 05/24/15

MWA: 05/22/15

Sin Claire with Foxxx

Adult's Achilles Heel

AHF's Hidden Agenda

New Smash VP Wyatt Case

Ink Inks OC, The Rub

National Porn Star Day

Pistol, Ross Talk Condoms

XXX Casting Call

Direct Reps Harper

AJ Applegate Available

Emma Marx: Boundaries ~ Reviewer Rated

Strippers Ready for Baseball

MWA: 05/04/15

RAW Signs Sasha Bradshaw

Modern Comstockery

Nikki Phoenix Appearance

More
Stories From

Business News

Mercy West Available

Sin Claire with Foxxx

New Smash VP Wyatt Case

Epoch Club Special Event

Ink Inks OC, The Rub

XBIZ 2016 Announced

RAW Signs Sasha Bradshaw

Direct Reps Harper

SashaBrabuster's XXX Comeback

AJ Applegate Available

Freedom Acres Open House

Global Adult Industry Association

Tod Hunter Press Releases

Cumisha Amado at Sagebrush

J.Lo Doc Johnson Offer

Passport to Hustler Event

Advertise on AINews

Freedom Acres Location

Nina Elle Retains Star Factory

Karen Summer Returns

She's Judas & Available

Camming Con Moves Dates

Exquisite Distributes DDF

Cherie Deville Returns

Roxanne Rae Available

Cherie Deville Available

Maryjean Available in LA

Alicia Silver Productions Content

Thomas Bagley Outed Belle Knox

Casting Call for 'Operation: Outdoors'

Mission Control Open House

Cherie Deville in LA

PASS Holiday Schedule

Santa Susana Pass Location

Sure Fuck Clothing Line

Nadia Night With Lucky Devil

Richelle Ryan Available

LATATA Responds to FSC

FSC Burdens Performers

Online Dating Summit Curacao

Tanya Tate Action Figure

Cam Studio Rental Rates

Sportsheets ILS Blitz

Fantasy Lingerie Storerotica Noms

New Networking Event

TES Early Bird Price

XBIZ Executive Awards

Baci Announces New Distributor

Sliquid Fifty Shades Collection

AINews New Look

Business News Section Index

     
Copyright © 1998 - 2015 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).