Category Taxation in Netherlands

Hong Kong Signs Multitude of Tax Agreements

March 23, 2010 International Tax CooperationTaxation in AustriaTaxation in FranceTaxation in Hong KongTaxation in NetherlandsTaxation in Switzerland

Hong Kong night sceneryHong Kong is heralding a new era of taxation transparency and cooperation, having signed three bilateral tax agreements and provided definite indications that it intends to amass the 12 required to be warranted a place on the Organization for Economic Development and Cooperation’s (OECD) list of nations adequately implementing international tax standards.

The Hong Kong Government began the week with the signing of three separate Comprehensive Agreements for the Avoidance of Double Taxation (CDTA) with the Netherlands, Brunei and Indonesia...

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US and UK are Biggest Offshore Deposit Locations

March 22, 2010 International Tax CooperationOffshore BankingOffshore TaxationTax HavensTaxation in Cayman IslandsTaxation in GermanyTaxation in IrelandTaxation in NetherlandsTaxation in SwitzerlandTaxation in UKTaxation in USA

Bank of International Settlement BaselThe US, UK and the Cayman Islands have been found to be the most popular locations for private non-resident deposits, representing nearly USD 2 trillion of worldwide investments, according to a newly issued report. Seeing the lack of availability of compiled data on offshore holdings, the report quantifies offshore deposits on a country-by-country basis.

In a report released on March 19th, Global Financial Integrity (GFI) revealed that worldwide private non-resident deposits held in secrecy jurisdictions has escalated to approximately USD 10 trillion. The GFI’s Privately Held, Non-Resident Deposits in Secrecy Jurisdictions report analyzed raw data from the Bank Of International Settlements (BIS) (an international organisation fostering international monetary and financial cooperation, a...

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Rush of Tax Treaties in December

December 17, 2009 International Tax CooperationTaxation in CanadaTaxation in ChinaTaxation in EUTaxation in FranceTaxation in GreeceTaxation in IrelandTaxation in NetherlandsTaxation in New ZealandTaxation in SingaporeTaxation in SwitzerlandTaxation in UK

UK/Malaysia Double Taxation Agreement protocol signingIncreasing fiscal transparency was an important issue in the economic and political spectrum of the 2009 year. With only a few weeks remaining in 2009, December happened to be one of the most active month of the passing year, with Governments around the globe completing efforts made in negotiations of Double Taxation Agreements (DTA) and Tax Information Exchange Agreements (TIEA).

In an unprecedented step, Switzerland wishes to cease ratification of its DTA with France in protest at the French authorities’ handling of account data stolen from HSBC in Geneva. On December 9th, Eric Woerth, French Budget Minister, confirmed that the French Government had paid €500 million to a former HSBC-Switzerland employee who provided them with details on 130,000 accounts...

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Tax Burden Dropped in OECD

November 25, 2009 Taxation in AustraliaTaxation in EUTaxation in IcelandTaxation in NetherlandsTaxation in SweedenTaxation in UKTaxation in USA  No comments

The tax burden, calculated as a ratio of tax receipts to Gross Domestic Product (GDP), faced by member countries of the Organization for Economic Cooperation and Development (OECD) fell by 0.5% in 2008.

According to the OECD’s “Revenue Statistics: 2009 Edition” report, published November 24th, the tax burden by its members has fallen as the worldwide financial crisis tolls global economies. The aggregate tax receipt-to-GDP ratio across the surveyed OECD nations in both 2007 and 2006 was 35.8%. Based on current provisional figures, this ratio has now fallen to an approximate 35.2% or 35.3%.

Mexico displayed the lowest tax burden with 21.1%, followed by Turkey and Korea at 23.5% and 26.6%, respectively. Denmark was ranked as the highest tax receipt to GDP ratio nation at 48...

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Netherlands to Reinvent Car Taxes

November 16, 2009 Taxation in Netherlands  No comments

The Netherlands government is looking to eliminate car sales and road-user taxes, replacing them with distance taxes, calculated from GPS-devices.

The Dutch cabinet passed legislation on November 13th that proposed to replace traditional annual road user charges and sales tax on cars with one system that will levy drivers based on distance driven. The new scheme will implement GPS-tracking devices in every car, which will record the driven distance, time of drive and time taken. The information will be automatically sent off and an appropriate bill will be sent out.

If passed by the Dutch parliament, the distance tax will come into effect in 2012, and begin charging at a base rate of €0.03 per kilometer...

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