2024 Tax Plan: essential steps for society and for the tax system
Today Marnix van Rij (State Secretary for Tax Affairs and the Tax Administration) presented the 2024 Tax Plan to the House of Representatives. The package contains essential measures for society and the tax system. These include measures to support purchasing power and fight poverty, to improve and simplify
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Netherlands earmarks €2.5 billion for support to Ukraine in 2023
In 2023 the Netherlands will make €2.5 billion available to support Ukraine. The government expects that this amount will be necessary to provide military aid, support essential repair and reconstruction activities and contribute financially to efforts to combat impunity. The Dutch Cabinet approved the proposal by ministers Liesje
Read MorePackage of measures to cushion the impact of rising energy prices and inflation
The government is introducing new supplementary measures to cushion the impact of rising energy prices and persistent inflation on low- and middle-income earners. Inflation may rise substantially this year, possibly reaching 5.2%. This is due mainly to higher energy prices. Purchasing power is expected to fall by 2.7%
Read MoreHigh number of shell companies detrimental to the Netherlands, says Committee
Shell companies contribute little to the Dutch economy, impose a disproportionate cost on developing countries in terms of lost tax revenue, and damage the Netherlands’ reputation. These are the principal conclusions reached by the Committee on Conduit Companies chaired by Bernard Ter Haar, which presented its final report
Read MoreTax and Customs Administration to share information automatically to fight against international tax evasion
Finance minister Jeroen Dijsselbloem signed a declaration today with 50 other countries, committing the signatories to exchange tax-information automatically. Source
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Mr Weekers concludes agreement with US to tackle tax evasion and undeclared savings
Mr Weekers, the State Secretary of Finance, has concluded an agreement with the United States today making possible an automatic exchange of data between the tax authorities of both countries. This agreement implementing the U.S. Foreign Accounts Tax Compliance Act (FATCA) underscores the co-operation of the Netherlands and
Read MoreState and ING agree on sale of Alt-A portfolio
Jeroen Dijsselbloem, Minister of Finance, and ING have agreed on the unwinding of the Illiquid Assets Back-Up Facility (IABF). This facility involves a portfolio of US Alt-A mortgage-backed securities. The termination of the IABF is in line with the government vision of unwinding government interventions in the financial
Read MoreDutch government to tackle international tax avoidance
The Netherlands will improve tax transparency and update tax treaties with low-income countries and low middle-income countries. Tax treaties with Zambia and 22 other poor countries will be revised to allow the incorporation of anti-abuse clauses where necessary. This was announced by Ploumen, Minister for Foreign Trade and
Read MoreVan Dijkhuizen Committee: lower tax rates with a very long first bracket, fewer tax deductibles and simpler benefits will lead to more jobs
The Van Dijkhuizen Committee advises the government to opt for an improved tax system with lower rates and a very long first bracket, fewer deductible items and simpler benefits. According to the CPB Netherlands Economic Bureau for Economic Policy Analysis, these structural reforms will lead in the long
Read MoreGovernment wishes to sell shares in URENCO
The Dutch government wishes to sell its interest in URENCO, which provides uranium enrichment services for nuclear power producers. The Cabinet has agreed to this intention. The sale of the Dutch shares in URENCO can only take place, when the public interest in terms of non-proliferation, nuclear safety
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