Category Taxation in Netherlands

Netherlands Needs Overhaul to Fight Billions in Laundered and Terrorist Money

April 21, 2011 International Tax CooperationTaxation in Netherlands

Money laundering in the NetherlandsThe Netherlands is making good efforts to combat international money laundering, financial crimes and terrorist financing, but several shortfalls in its infrastructures and legislation means that the country is still susceptible to the crimes.

According to IMF research released on April 19th in the Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism report, the level of proceeds from criminal activities in the Netherlands is now at approximately USD 14 billion per year, equivalent to approximately 1.8 percent of the national GDP. Fraud and tax fraud are currently seen as making up a significant portion of the criminal profits...

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New Tax Havens?

October 19, 2010 International Tax CooperationOffshore TaxationTax HavensTaxation in CuracaoTaxation in NetherlandsTaxation in St Maarten

St. MartenThe Netherland Antilles have officially been dissolved, with St Maarten and Curacao becoming constituent countries within the Kingdom of the Netherlands. Now questions are being raised about the future tax system of the remaining three municipalities, with some already claiming that they will become low-tax jurisdictions.

On October 10th St Maarten and Curacao split from the Netherland Antilles, becoming constituent countries in the Kingdom of the Netherlands, gaining greater government autonomy, increased independence from the Netherlands Government, and the right to full use of their own tax revenues. Bonaire, St. Eustatius and Saba (BES), being the remaining three islands of the Netherland Antilles, have become Dutch special municipalities.

The Dutch Government has approved preliminary ...

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Green Taxes Could Spur Tech Innovation

October 18, 2010 International Tax CooperationTaxation in MexicoTaxation in NetherlandsTaxation in USA

DiscrepantThe concentrated and appropriate use of environmental taxes could encourage businesses across the globe to seek innovative solutions to technological problems and encourage the expansion of widely beneficial “green technologies”.

Attempting to rectify the world’s environmental problems could be an economically crippling task if no significant advancements are made in currently available technology, according to information provided in Taxation, Innovation and the Environment, a new report on “green taxes” by the Organization of Economic Cooperation and Development (OECD). Announcing the release of the publication Angel Gurría, OECD Secretary-General, said “To achieve a greener future we need new technologies that can lower the cost of saving the planet...

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Netherlands Encouraging Innovation Through Taxes

September 22, 2010 Taxation in Netherlands

Dutch FlagSeveral new tax changes have been planned for the Netherlands, including alterations to taxation of businesses and new fraud and tax evasion rules, in order to boost national economic entrepreneurship and innovation.

On September 21st Jan Kees de Jager, Netherlands Minister of Finance, announced the release of the 2011 Tax Plan, which outlines the intentions of the national Government for the tax system in the year 2011. The Minister explained the primary reasons behind the plan, saying: “To ease the pain of the crisis we are making great efforts in 2011 to stimulate entrepreneurship and innovation. Because it is the entrepreneurs who are helping us back on our feet.”

The changes within the Tax Plan which are intended to encourage entrepreneurship include a 0...

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OECD and COE to Amend International Tax Treaty

April 7, 2010 International Tax CooperationOffshore BankingOffshore TaxationTaxation in BelgiumTaxation in FranceTaxation in IcelandTaxation in ItalyTaxation in NetherlandsTaxation in NorwayTaxation in SweedenTaxation in UKTaxation in USA

Council of Europe - 60 years oldAn agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT).

On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring it up to currently agreed upon standards of international tax transparency. The Convention, opened for signing in 1988, is an international framework which provides facilitation of multinational exchange of fiscal information. The Convention will be updated to reflect modern internationally agreed upon standards in tax transparency and exchange of fiscal information...

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