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
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State 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
Read MoreDutch minister of Finance makes offer for compensation due to the nationalisation of SNS REAAL
The Dutch minister of Finance makes an offer for compensation due to the expropriation of shares and subordinated debt of SNS REAAL and SNS Bank. The offer amounts to €0,- for both the expropriated shares as well as the subordinated debt. Source
Read MoreState of the Netherlands nationalises SNS REAAL
The Minister of Finance, in close consultation with De Nederlandsche Bank (DNB), has nationalised SNS Reaal. Savings deposits of clients are secure and the service provision of SNS REAAL has been safeguarded. The intervention has averted grave threats to financial stability and the economy. Source
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How Wealthfront Clients Have Responded to Recent Market Volatility
The past two weeks have been a rollercoaster for financial markets, driven largely by a flurry of announcements related to tariffs. However, many Wealthfront clients have taken the volatility in stride and treated this market environment as an opportunity. Here are three takeaways showing how Wealthfront clients are
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CFO Alan Imberman Reflects on His Decade at Wealthfront
Ten years ago, I had recently finished my MBA and was working in business valuation for a public accounting firm. Like many young professionals, I was trying to manage my own portfolio of individual stocks—researching companies, making trades, and constantly second-guessing my decisions. It was time consuming, stressful,
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Millennial Net Wealth Is Expected To Reach $140 Trillion by 2045
When it comes to managing their money, millennials have long been underestimated. Headlines often doubt this generation’s ability to overcome the effects of the Great Recession and reach the same financial milestones as their parents. But at Wealthfront, we’ve never questioned their potential. In fact, we’ve built a
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