Council of State says exit tax plan for multinationals would not be responsible
4 years, 2 months ago

Council of State says exit tax plan for multinationals would not be responsible

Dutch News  

The Dutch government’s most important advisory body on new legislation has criticised a plan to effectively fine multinationals which leave the Netherlands to compensate the treasury for lost tax income. The Council of State, which is required by law to assess all draft laws, said the plan, drawn up by opposition party GroenLinks, could fall foul of EU taxation rules. The draft legislation as presented did not meet this requirement, and the likelihood of it being upheld in court of law is so small that introducing an exit tax would not be responsible, the council said. The proposal, if it becomes law, will introduce an exit premium which large companies leaving for a zero dividend tax country would have pay as compensation for tax income lost to the Netherlands by the move.

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Netherlands still plays key role in global tax avoidance
1 month ago

Netherlands still plays key role in global tax avoidance

NL Times  

The Netherlands continues to play a major role in tax avoidance worldwide. As part of the “tax avoidance chain,” the Netherlands, together with the United Kingdom, Luxembourg, and Switzerland, is responsible for 33 percent of the global losses due to corporate tax avoidance. “Almost three-quarters of the 348 billion dollars lost worldwide due to corporate tax abuse ends up in …

Unilever takes step closer to unification but exit tax still looms
4 years, 2 months ago

Unilever takes step closer to unification but exit tax still looms

Dutch News  

Shareholders in the British arm of Unilever have voted overwhelmingly in favour of plans to move the company’s headquarters to London and to become a completely British company. Last month, shareholders in the Dutch arm also voted in favour of the move, which will see Unilever end its dual structure and become, according to the company itself, a ‘a simpler …

Unilever takes step closer to unification but exit tax still looms
4 years, 2 months ago

Unilever takes step closer to unification but exit tax still looms

Dutch News  

Shareholders in the British arm of Unilever have voted overwhelmingly in favour of plans to move the company’s headquarters to London and to become a completely British company. Last month, shareholders in the Dutch arm also voted in favour of the move, which will see Unilever end its dual structure and become, according to the company itself, a ‘a simpler …

Council of State says exit tax plan for multinationals would not be responsible
4 years, 2 months ago

Council of State says exit tax plan for multinationals would not be responsible

Dutch News  

The Dutch government’s most important advisory body on new legislation has criticised a plan to effectively fine multinationals which leave the Netherlands to compensate the treasury for lost tax income. The Council of State, which is required by law to assess all draft laws, said the plan, drawn up by opposition party GroenLinks, could fall foul of EU taxation rules. …

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