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The company had a net loss of $125.7 million in the first quarter, an improvement from the $146.7 million in losses it reported in the same period last year.
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The Netherlands is a "conduit country" that helps to funnel profits from high-tax countries to tax havens. [178] It has been ranked as the 4th largest tax haven in the world. [179] The Netherlands is part of a monetary union, the Eurozone (dark blue), and the EU single market.
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