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.