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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5 Ways to Save Money on Moving Expenses
Moving to a new home is stressful enough without additional financial worries. Especially when it comes to how to save money on moving expenses. After all, there are many costs involved in the moving process. For example, you may need to hire housecleaners, long distance moving companies and
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Grandfather Says: The Continuing Chronicles of Elaine, Part 68
The following was written by my late wife Elaine. She wrote a long book, a diary really, from which this is one passage: Salvation Army Music When Ellen and I were planning our trip to Alderney in 1990, we found out that when Dad and other 17-year-olds left
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Rental Cars With Hidden Crash Histories Are Being Sold to Unknowing Buyers
Buying a new car can be an exciting experience, but you want to make sure you are making a smart decision. After all, purchasing a vehicle is a big financial move for most people. To get a good deal, many drivers look at former rental cars that are
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Summer Reading Programs for Kids 2025: Book It, Barnes & Noble, and More
Help encourage your kids to read this summer with the following free programs that offer some small incentives if they complete a reading goal and/or challenge: Book It! Summer (Free Personal Pizza) – “Use the BOOK IT!® Mobile App to set goals, track progress, and redeem rewards. During
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