Low Dutch corporate tax rate should be scrapped, fails to help small businesses
2 days, 17 hours ago

Low Dutch corporate tax rate should be scrapped, fails to help small businesses

NL Times  

The low corporate income tax rate is not suitable to support small and medium-sized enterprises and it would be better if it is abolished, said the Netherlands Bureau for Economic Policy Analysis after conducting research. "Of the 3 billion euros in tax benefits that the low corporate income tax rate yields this year, more than half will end up with other types of companies, such as investment firms and self-employed people without employees. A lower corporate income tax rate of 19 percent applies for profits up to 200,000 euros. "However, around 25 to 45 percent of SMEs do not benefit from the low corporate income tax rate each year," the CPB explained.

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History of this topic

Less tax evasion via NL as new rules bite, says central bank
1 week, 4 days ago

Less tax evasion via NL as new rules bite, says central bank

Dutch News  

The amount of income shifted through the Netherlands to tax havens has gone down since 2020, according to new figures from the Dutch central bank. “For a long time, it was financially attractive for multinationals to transfer their profits, in the form of dividends, interest income or royalties, through the Netherlands to countries with lower tax rates,” the central bank …

Tax changes in 2025 to boost income for most Dutch workers, says payroll firm
1 week, 6 days ago

Tax changes in 2025 to boost income for most Dutch workers, says payroll firm

NL Times  

The first paychecks of 2025 are expected to deliver a net income boost for most Dutch employees due to tax reductions and adjustments to government rebates, according to calculations by HR and payroll software provider Nmbrs. Meanwhile, the general tax credit, a rebate applied to reduce taxes owed, will decrease from 3,362 euros to 3,068 euros. However, the income threshold …

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
1 year, 2 months ago

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

Associated Press  

WASHINGTON — An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. That carveout, the EU Tax Observatory …

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
1 year, 2 months ago

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An ambitious 2021 agreement by …

Netherlands responsible for 17% of $301 billion annual tax avoidance by businesses
1 year, 4 months ago

Netherlands responsible for 17% of $301 billion annual tax avoidance by businesses

NL Times  

The Netherlands is responsible for 17 percent of the 301 billion dollars in tax avoidance committed by companies per year, according to calculations by the Tax Justice Network. Two years ago, the Tax Justice Network calculated that 6.3 percent of tax avoidance by companies happened through the Netherlands. Arnold Merkies, coordinator of the Tax Justice Network’s Dutch sister organization, told …

Richest Dutch paying less and less tax since 2001 tax reform
1 year, 6 months ago

Richest Dutch paying less and less tax since 2001 tax reform

NL Times  

Since the 2001 tax reform, the wealthiest people in the Netherlands have paid less and less tax, Follow the Money reports based on a memo created by officials from the Ministry of Finance after investigating how the super-rich avoid taxes. Other super-rich people, like professional football players and high earners in the Amsterdam Zuidas, have “Until 2001, the marginal tax …

Dutch Cabinet wants minimum 15% corporate tax to cut down tax avoidance; First in EU
1 year, 6 months ago

Dutch Cabinet wants minimum 15% corporate tax to cut down tax avoidance; First in EU

NL Times  

The Cabinet announced draft legislation to ensure that multinational and domestic companies in the Netherlands with an annual revenue of at least 750 million euros always pay at least 15 percent corporate tax. The minimum tax rate of 15 percent is an internationally agreed rate," the Ministry of Finance wrote in a statement. Since the beginning of the year, companies …

Don’t increase corporation tax, three ex-chancellors tell Rishi Sunak
1 year, 9 months ago

Don’t increase corporation tax, three ex-chancellors tell Rishi Sunak

The Telegraph  

Mr Kwarteng, sacked as chancellor by Ms Truss shortly before she resigned as prime minister, said the increase in corporation tax “doesn’t help our competitiveness”, adding: “We have got to look at ways to improve our attractiveness to foreign investors.” Meanwhile the Federation of Small Businesses said the policy would be disastrous for the UK’s one million limited company directors. …

Richest 1% of the Dutch pay just 21% of their income in tax: CPB
2 years, 8 months ago

Richest 1% of the Dutch pay just 21% of their income in tax: CPB

Dutch News  

While the very richest of the Dutch are losing 21% of their income to tax, people on average incomes are handing over 40% to the tax office, according to new research by the government’s centre for policy analysis CPB. The CPB found that people on the lowest incomes were spending 55% of their income on tax, although this was largely …

Richest 1% of the Dutch pay just 21% of their income in tax: CPB
2 years, 8 months ago

Richest 1% of the Dutch pay just 21% of their income in tax: CPB

Dutch News  

While the very richest of the Dutch are losing 21% of their income to tax, people on average incomes are handing over 40% to the tax office, according to new research by the government’s centre for policy analysis CPB. The CPB found that people on the lowest incomes were spending 55% of their income on tax, although this was largely …

Richest Dutch don't pay the most tax: Planning Office
2 years, 8 months ago

Richest Dutch don't pay the most tax: Planning Office

NL Times  

The wealthiest Netherlands residents don't pay the most taxes. But the 1 percent highest earners only spend 21 percent of their income on taxes - less than the lowest earners, NRC reports based on a new study by central planning office CPB. "The fact that top incomes pay a lot less tax is a new outcome," CPB tax economist Arjan …

Yellen: Compete on economic strengths, not low tax rates
3 years, 5 months ago

Yellen: Compete on economic strengths, not low tax rates

Associated Press  

U.S. Treasury Secretary Janet Yellen said Sunday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and education. Yellen spoke after finance ministers from the Group of 20 major economies endorsed a global minimum corporate tax of at least 15%, …

The Netherlands in favor of G7 plan to eliminate tax havens
3 years, 6 months ago

The Netherlands in favor of G7 plan to eliminate tax havens

NL Times  

The caretaker Cabinet voiced their support for the plan of the seven major economies in the G7 to introduce a minimum global corporate tax rate of 15 percent. The plan would force giant tech companies such as Apple, Facebook, Google and Amazon to pay taxes in the countries where they generated their revenues. The strategy would also end the so-called …

Ireland and Netherlands set to suffer under new Biden tax plan
3 years, 8 months ago

Ireland and Netherlands set to suffer under new Biden tax plan

The Telegraph  

Ireland, the Netherlands and Switzerland are set to be the big losers under the Biden administration’s plans to link tax revenue from businesses to local sales. The US has reportedly proposed a clampdown on companies using certain countries to avoid paying higher tax as part of its plans for a huge global shake-up. It is part of the Biden administration’s …

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