Tax haven companies not excluded from Dutch state aid
NL TimesCompanies whose business is organized in international tax havens are entitled to claim Covid-19 support money from the Dutch government. According to sources which spoke to public broadcaster NOS on Thursday, a proposal to exclude companies from receiving government aid had been put forward by trade union FNV and left-wing opposition party GroenLinks. Denmark, France and Poland have all put forward rules to prevent companies incorporated in international tax havens from receiving government aid. In effect, the Cabinet's decision rules out the possibility that businesses benefiting from low taxes abroad will be excluded from any extension of the NOW scheme, a government assistance program that allow business owners to be reimbursed up to 90 percent of their wage costs if they expect to lose at least 20 percent turnover over a three-month period due to the coronavirus crisis.
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