Wopke Hoekstra has been the Dutch Minister of Economy since 2017.
He entered politics in 2011, when he was a lawyer and professional for the international consultancy firm McKinsey, he became a senator and leader of the Christian Democratic party.
During his parliamentary term he also continued to work for McKinsey, who left in October 2017, when the head of government Mark Rutte appointed him Minister of Economy, a position reconfirmed in March 2021 despite his party’s disappointing election results.
As a minister, Hoekstra has publicly criticized offshore finance, declaring its support for the European Union’s proposals to combat international tax evasion and avoidance and to ban anonymous companies.
He has also repeatedly argued with Italy, flanked by other strict European ministers, calling for more cuts and austerity to reduce public debt.
The Pandora Papers show that Hoekstra was registered in 2010 as a shareholder of the offshore company Candace Management Ltd, based in the tax haven of the British Virgin Islands. And he bought more shares of the same offshore in 2013 and 2014, after becoming a senator. Other co-owners of the Virgin Islands company include several managers or former executives of the Dutch bank Abn-Amro.