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Tax Rates Inch Up In EU27 5/25/2012 In its 2012 edition of the publication 'Taxation trends in the European
Union', Eurostat, the statistical office of the European Union, highlights
the observed increase in value-added tax rates, corporate tax rates and top personal
income tax rates in 2012, among the twenty-seven European Union member states.
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Rutte Intent On Growth And Fiscal Discipline 5/27/2012 Following the recent informal European Council meeting in Brussels, Dutch Prime
Minister Mark Rutte emphasized that growth and sound financial policy ‘are
not mutually exclusive but in fact go hand in hand’.
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Dutch Report Substantiates Need For Austerity Budget 5/21/2012 The Dutch government has recently presented to parliament the Annual Financial
Report for 2011, pointing to ‘disappointing’ economic growth and
to a shortfall in fiscal revenues last year, and confirming the need for the
additional fiscal measures adopted by the Dutch parliament on April 26.
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ECJ Rules Against Dutch Tax On Cross-Border Car Use 5/2/2012 The European Court of Justice has disagreed with the Dutch government's tax treatment of vehicles registered in other European Union states that are loaned free of charge and used on a non-permanent basis on Dutch roads.
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Dutch PM Confirms Bank Tax Rise 5/2/2012 The caretaker Prime Minister of the Netherlands Mark Rutte has confirmed that the country's proposed bank tax will be increased as part of the government's latest budget agreement, designed to reduce the deficit to 3% of gross domestic product next year.
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Dutch Opposition Shuns Austerity Path 4/27/2012 During an emergency debate in parliament, following the shock resignation of Mark
Rutte’s minority coalition, leader of the Dutch Social Democrat opposition
party Diederik Samson underlined the need to move away from the controversial
austerity course.
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Netherlands Intensifies Efforts To Combat VAT Fraud 4/24/2012 Dutch State Secretary for Finance Frans Weekers has recently unveiled details
of plans to give a new boost to the international fight against value-added tax fraud.
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Dutch PM Seeks Opposition Agreement On Budget Cuts 4/24/2012 Determined to retain the country’s much-coveted triple A rating, Dutch Prime
Minister Mark Rutte is now seeking to swiftly conclude a budget deal with the
opposition, following the recent collapse of talks with right-wing ally the Freedom
Party.
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Vodafone Challenges Indian Tax Law 4/23/2012 The ongoing tax dispute between India and Vodafone has erupted again, with the telecoms company now serving a Notice of Dispute against the government's controversial new retrospective tax legislation.
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Netherlands, Germany Seal New DTA 4/16/2012 German State Secretary for Foreign Affairs Emily Haber and Dutch State Secretary
for Finance Frans Weekers have recently signed in Berlin a new bilateral double
taxation agreement between the two countries.
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UK Due To Introduce Tax-Transparent Pooled Fund Structure 4/10/2012 Northern Trust has confirmed that it will offer the incoming UK tax-transparent
pooled funds structure, when regulations permitting the vehicle become effective in the UK in late summer 2012.
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World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
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Netherlands To Extend Tax Treaty Network In South America 3/28/2012 Dutch State Secretary for Finance Frans Weekers is currently conducting a working visit to South America, with the intention of extending the country’s tax treaty network.
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International Trademark Filings Set New Record 3/14/2012 2011 saw the highest number of international trademark applications ever filed
under the World Intellectual Property Organization’s Madrid
System for the International Registration of Marks with 42,270
applications, or a 6.5% increase compared to 2010.
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International Patent Filings Set New Record In 2011 3/7/2012 Despite difficult global economic conditions, international patent filings under
the World Intellectual Property Organization-administered Patent Cooperation
Treaty set a new record in 2011 with 181,900 applications – up 10.7% on 2010 and the fastest growth since 2005.
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The Netherlands Ups Tax Treaty Negotiations In 2012 2/21/2012 Underlining the government’s commitment to negotiating new tax treaties
with other countries, the Dutch finance ministry has recently outlined details
of its specific plans for 2012.
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Dutch Central Bank Deems FTT 'Unworkable' 2/10/2012 The Dutch central bank has recently insisted that the introduction of
a European financial transaction tax is ‘undesirable’, and
warned that it is indeed doubtful whether it will counteract risky market
behaviour.
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FTT Will Hit UK Revenues Even With Opt Out 2/8/2012 David Cameron's refusal to sign a new European Union deal will not shield the UK from the impact of a financial transaction tax, Ernst and Young has said.
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The Seychelles Adds Guernsey TIEA 1/3/2012 The Seychelles has noted the signing of a Tax Information Exchange Agreement with
Guernsey as a significant step in boosting bilateral relations between the two
territories.
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Dutch Bank Tax Clarified 12/28/2011 The Netherlands has firmed up its proposals for a tax on bank assets, likely
to be implemented in mid-2012. The tax was announced last July, but the final
proposals are different in various respects from those announced in July, notably
in regard to the rates to be applied.
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Netherlands, Japan Tax Treaty Ratified 12/14/2011 The Dutch finance ministry has announced that the new bilateral tax treaty
between Japan and the Netherlands will be effective from January 1, 2012, following
the recent exchange of notes between the Japanese Ambassador and the Dutch State Secretary
for Finance.
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Hong Kong's Inward FDI Soars 12/13/2011 Recently released figures show that, at the end of last year, the stock of Hong
Kong's inward foreign direct investment increased by 16.7% from a year earlier,
to almost HKD8.5 trillion (USD1.09 trillion) at market value.
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EC Opposes Dutch Rules On Inheritance And Gift Duties 11/30/2011 The European Commission has decided to refer the Netherlands to the European
Union’s Court of Justice for discriminatory rules on inheritance
and gift duties.
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'Scrap APD', UK Airline Bosses Say 11/22/2011 The negative impact of air passenger duty on the UK economy outweighs any benefit from the revenue raised, four leading airline chiefs have said, calling on the government to axe the levy.
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Swiss, Netherlands DTA Amendments In Force 11/17/2011 Switzerland’s federal administration has announced recently that the
revised bilateral double taxation agreement with the Netherlands, signed
on February 26, 2010, entered into force on November 9.
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EU Stalls On FTT 5/1/2012 During a recent European Union Economic and Financial Affairs Council meeting in Brussels, deep divisions emerged on the creation of a tax on financial transactions, leading to a likely delay in the presentation of new legislation to implement the levy at European level.
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Hong Kong-Netherlands DTA In Force 10/26/2011 The comprehensive double taxation agreement between Hong Kong and the Netherlands,
which was originally signed on March 22, 2010, entered into force on October 24,
2011.
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The Netherlands Introduces R&D Tax Break 10/25/2011 Dutch State Secretary for Finance Frans Weekers has announced recently that companies
in the Netherlands investing in the development of innovative products and services
will benefit from a 10% tax break from 2012.
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German Plane Tax Cut Encourages Ryanair 10/18/2011 Budget airline Ryanair may schedule new flight routes from Germany
in 2012, provided that the government abolishes its controversial plane ticket
tax.
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Dutch Cities Oppose Changes To Expat Tax 10/18/2011 Amid wider concerns of a negative impact on international businesses, Amsterdam
city council has submitted a letter to Dutch State Secretary of Finance Frans
Weekers urging him to reconsider plans to amend the country’s popular
30% tax ruling for expatriate workers.
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Germany To Lower Plane Ticket Tax 10/12/2011 Germany’s highly controversial plane ticket tax is to be lowered next
year to compensate for additional costs arising from the extension of the European
Union’s emissions trading scheme to flights over Europe from January
1, according to the German finance ministry.
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EC Targets Dutch Board Member VAT Rules 10/5/2011 The European Commission has formally requested that the Netherlands modify
its existing rules on the treatment of members of supervisory boards for value-added
tax purposes, to ensure that the rules comply with European Union legislation.
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Curacao And St Maarten Face Fiscal Challenges 9/26/2011 In its first report since the break up of the Netherlands Antilles, the International
Monetary Fund has noted that Curacao and Sint Maarten face several hurdles ahead in the short- and medium-term to restore economic growth, establish supportive tax regimes, and boost international competitiveness.
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Reynders Backs Franco-German Tax Plans 9/15/2011 According to Belgian Finance Minister Didier Reynders, the Benelux countries should
join the Franco-German drive to create a common, harmonized corporate tax base.
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Netherlands Sees Opportunities For Caribbean Territories 9/9/2011 The Dutch government, in a policy memorandum tabled before the House of Representatives, has announced that it is seeking to begin a new age of participation in the Caribbean region. Following constitutional reforms in 2010, new economic opportunities are now available for all parts of the Kingdom of the Netherlands, the government has said.
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Switzerland Tops WEF Competitiveness Index 9/9/2011 Switzerland tops the overall rankings in the Global Competitiveness Report for 2011-2012,
released on September 7 by the World Economic Forum.
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Bank Tax Proposed In The Netherlands 8/4/2011 The government of the Netherlands has released a consultation document on a proposed
tax on the country's banking industry to part-fund a deposit guarantee scheme.
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EU Takes Action On Cross Border Mediation And Claims 7/27/2011 The European Commission is to take further action to ensure the application
of the European Union Mediation Directive to resolve cross-border disputes,
whilst also proposing to introduce a new Europe-wide preservation order to ease
the recovery of cross-border debts.
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German Plane Tax Drives Passengers Abroad 7/26/2011 Despite an overall increase in recorded passenger numbers at airports in Germany
in the first half of the year, low-cost and domestic flights have been significantly
affected by the coalition government’s plane ticket tax.
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EC Probes Aviation Taxes, Subsidies 7/19/2011 The European Commission has opened three separate in-depth state aid investigations regarding the Marseille and Frankfurt Hahn airports as well as lower taxes for air passengers in Ireland that benefit almost exclusively domestic flights.
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Dutch Banks Outraged Over Tax Plans 7/11/2011 Outraged by the blatant volte-face of the government, the Dutch Banking Association
NVB has fiercely criticized plans to introduce a new tax on Dutch banks from next
year, warning that such a move would merely serve to reduce scope for credit and
mortgage offers, thereby damaging the country’s economy.
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Eurostat Notes Rising Consumption Tax 7/7/2011 According to a recent study conducted by Eurostat, the statistical office of the
European Union, the global financial and economic crisis has changed the
fiscal shape of Europe.
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Vodafone's Indian Tax Bill May Double 7/6/2011 Leading telecoms company Vodafone has warned that the firm's back tax liability in India could double if the Indian Supreme Court rules in favour of the country's tax authorities with regard to a long-standing tax dispute.
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UK Legislates For Three TIEAs 7/1/2011 The UK has begun its ratification process of three tax information exchange agreements, with Aruba, Liberia and the former Netherlands Antilles islands.
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EU Takes The Netherlands To Task On Tax Provisions 6/21/2011 The European Commission has referred the Netherlands to the European Union’s
Court of Justice for failing to properly implement European value-added tax rules for travel agents.
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Irish Companies Looking Overseas, Says Survey 6/16/2011 Nearly half of Irish companies expect overseas markets to account for a substantial proportion of their turnover in future, according to a new survey by Deloitte.
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OECD Surveys Transfer Pricing Regimes 6/15/2011 The Organization for Economic Cooperation and Development has conducted a major new survey on the simplification of transfer pricing regimes, and found that over 80% of respondents have simplification procedures in place.
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IFC Launches Georgian Tax Simplification Project 5/30/2011 The IFC is to help the Georgian government roll out its new tax system for micro and small businesses, training entrepreneurs on the new regime, with a view to further reinforcing the administrative and financial benefits expected from the measures.
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Irish Parliament Rejects CCCTB 5/19/2011 The Irish parliament has passed a motion denying the legality of European Commission proposals for a Common Consolidated Corporate Tax Base, after a debate in which the measure was slammed as an attempted assault on the country's 12.5% corporate tax rate.
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Tax Burdens On The Increase, Says OECD 5/13/2011 Average tax burdens rose in 22 of the Organization for Economic Co-operation and Development's 34 member countries in 2010, with France, Belgium, Germany and Italy among the highest-taxed countries.
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LatAm & Caribbean Sees Influx Of Foreign Direct Investment 5/9/2011 Latin America and the Caribbean saw a 40% increase in Foreign Direct Investment during 2010, with a further upsurge of 15% - 20% expected in 2011, according to a new report by the Economic Commission for Latin America and the Caribbean.
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Netherlands Eager To Cut Corporate Tax Burden 4/29/2011 Dutch State Secretary of Finance, Frans Weekers has announced that his fiscal
agenda includes increasing taxes on consumption whilst reducing the tax
burden on companies in an effort to increase the number of international investors positioning
headquarters in the Netherlands.
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Netherlands In Court Over Charity Tax Rules 4/7/2011 The European Commission has decided to refer the Netherlands to the European Union Court of Justice because its tax treatment of gifts to charities is considered discriminatory and in breach of EU rules on the free movement of capital.
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Vodafone Dismisses Indian Tax Compromise 3/23/2011 Vodafone has said that it continues to believe the company had no tax liability over the purchase of an Indian mobile phone company in 2007, despite reports that it is ready to compromise with the Indian tax authorities.
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India To Open Eight Overseas Tax Units 3/18/2011 The Indian Minister of State for Finance (Revenue) Shri S S Palanimanickam has announced that the government has made plans to launch eight new Income Tax Overseas Units in France, Germany, Netherlands, Cyprus, USA, UK, UAE and Japan in the next financial year.
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The Netherlands Unveils Self-Test For Internet Entrepreneurs 3/15/2011 The Dutch finance ministry has recently announced that Internet entrepreneurs
in the Netherlands are now able to complete a self-test on the country’s
tax and customs administration website to determine whether or not their websites
conform to certain legal requirements.
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Luxembourg Presents Financial Centre Action Plan 2/11/2011 Luxembourg’s Finance Minister Luc Frieden has recently presented details
of work carried out by the High Committee responsible for the country’s
financial centre, and unveiled details of the key development axes for the financial
centre in 2011.
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Vodafone Tax Appeal In India Deferred Again 2/10/2011 India's Bombay High Court deferred a hearing on Vodafone’s dispute with the Indian tax office on Tuesday (February 8), and has not specified a date for a new one.
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Netherlands Urges EC To Expedite EU VAT Refunds 2/8/2011 During a recent working visit of European Commissioner Semeta to Rotterdam, Dutch
State Secretary of Finance Frans Weekers called for action to be taken to expedite the
slow processing of European Union value-added tax refunds to Dutch
entrepreneurs.
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Lamy Urges On Doha Participants 2/7/2011 The World Trade Organization’s Director General, Pascal Lamy, as chairperson
of the Trade Negotiations Committee, urged WTO ambassadors on February 2 to
engage in bilateral and small group discussions on resolving key obstacles to
a near-global multilateral free trade agreement, through the Doha Round.
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Dutch Authorities Target Road Tax Evasion 1/24/2011 The Dutch finance ministry recently announced that over the course of 2010
the country’s Tax and Customs Administration imposed more than EUR15m
in additional tax assessments and penalties on hauliers for Eurovignette evasion.
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Dutch Yacht Investigations Prove Lucrative 1/20/2011 During an international investigation, the Dutch Tax and Customs Administration
tracked down value-added tax fraud involving luxury
yachts amounting to almost EUR90m.
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Netherlands Notes Tax Agreements' Entry Into Force 12/30/2010 The Netherlands government has announced the ratification of a revised double
tax agreement with the United Kingdom, approved by the Netherlands’ Senate in late December.
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EU Launches Multi-Year Review Of Cross-Border Taxation 12/23/2010 The European Commission has published a Consultation, which marks the commencement of a comprehensive multi-year review of the major cross-border issues faced by EU citizens, and proposes solutions for them.
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China, EU Discuss Untapped Trade Flow Potential 12/22/2010 The EU and China held the second, and final day of their third High Level Economic
and Trade Dialogue on December 21, at what was the first meeting between the two parties
since the entry into force of the Lisbon Treaty.
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'Cooperation' Agreed On EU Patent 12/17/2010 Following the inability last month to agree on pan-European patent legislation
between European Union member states, the European Commission will present
a proposal opening the way for some countries to proceed on the basis of 'enhanced
cooperation'.
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OECD Notes Fall In Global Tax Burden 12/15/2010 The Organization for Economic Cooperation and Development has noted a decline
in revenues during 2009 among its member countries, in cash terms, which it
said was driven by declining economic activity, and tax cuts introduced
to cushion countries’ economies from the downturn.
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Indian Court Delays Vodafone Tax Hearing 11/25/2010 A date of February 8 has now been fixed by the Bombay High Court for the hearing of an appeal by Vodafone International Holdings BV against a ruling by the Indian authorities that the company should pay tax on a 2007 acquisition.
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EU Permits Funding For Dutch Aircraft Program 11/19/2010 The European Commission has authorized the Netherlands to grant a repayable
advance of EUR19.7m to Rekkof Aircraft N.V, for the development of a new generation
of Fokker regional aircraft.
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Vodafone Ordered To Pay Deposit By Indian Court 11/17/2010 After agreeing to hear an appeal in February 2011, the Indian Supreme Court has requested a deposit of INR25bn (USD552m) from the Vodafone Group Dutch holding company within three weeks and a bank guarantee of INR85bn within two months. In the meantime the tax authorities are restrained from enforcing their tax claim against Vodafone.
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Caribbean Urges Change To UK Flight Tax 11/17/2010 The Caribbean Tourism Organization has noted the publication of a report that comprehensively
analyzes the impact of the UK's aviation tax, the Air Passenger Duty, on the tourism
industries of Caribbean territories.
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Netherlands To Reward Green Shipping 11/10/2010 The Dutch ports of Amsterdam, Moerdijk, Dordrecht and Rotterdam, have announced
a new initiative to come into force on January 1, 2011, which will reward
environmentally-friendly ocean-going vessels through discounts to port dues.
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Argentina Catches Up On Tax Agreements 11/3/2010 The head of Argentina's Federal Administration of Public Revenue, Ricardo Echegaray has announced the signing of tax information exchange agreements with Russia, Italy and France as part of its strategy to crack down on tax evasion.
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Panama Signs European Tax Agreements 10/13/2010 The vice-president and minister of foreign affairs of the Republic of Panama, Juan Carlos Varela, has visited Luxembourg, the Netherlands and Spain to sign double taxation agreements.
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UK Leads EU Tax Rate Hikes 10/12/2010 New research from KPMG has shown that workers in the United Kingdom are suffering more than most as a result of post-crisis tax policy, with the UK’s
personal income tax rates now the fourth most punitive in Europe, up from thirteenth
a year prior.
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Netherlands To Cut Corporate Tax 10/8/2010 Dutch Finance Minister Jan Kees de Jager has unveiled key details of the country’s
2011 tax plan, containing a number of fiscal measures designed to encourage
entrepreneurship and innovation, and containing new rules designed to combat
fraud and tax avoidance.
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EC Targets 'Discriminatory' Dutch Tax Laws 10/5/2010 The European Commission has requested that the Netherlands change discriminatory
tax rules pertaining to certain succession and gift duties.
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Panama, Qatar Sign Double Taxation Treaty 10/4/2010 The president of Panama, Ricardo Martinelli Berrocal, accompanied by the vice-president, Juan Carlos Varela, met with the Emir of Qatar, Sheikh Hamad Bin Khalifa Al-Thani, at the United Nations Building in New York to sign a double taxation treaty between Panama and Qatar.
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'Global Privacy Enforcement Network' Launched 9/24/2010 Thirteen privacy enforcement agencies around the world have joined forces to launch
the ‘Global Privacy Enforcement Network’, a network designed
to facilitate cross-border cooperation in the enforcement of privacy laws.
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Belize Signs TIEAs With Nordic Countries 9/22/2010 Belize has signed tax information exchange agreements with seven Nordic countries, which will allow for the sharing of tax-related information in accordance with the standards established by the Organization for Economic Cooperation and Development.
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UK, Netherlands Clarify Fund Tax Treatment 9/21/2010 The UK government and the Netherlands have entered into a Competent Authority Agreement clarifying the tax treatment of investors in the Netherlands’ investment vehicle ‘fonds voor gemene rekening’, with regards to the application of the double tax agreement signed between the two countries on September 26, 2008. |
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UK Signs TIEA With Netherlands Antilles 9/21/2010 The UK government announced on September 17 that it had signed a Tax Information
Exchange Agreement with the Netherlands Antilles.
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Netherlands Antilles Constitutional Reform Complete 9/15/2010 The Netherlands Antilles and the Netherlands have signed a landmark agreement which completes the constitutional reform of the group of five islands in the Caribbean.
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Vodafone Loses In Mumbai High Court 9/13/2010 UK telecoms giant Vodafone has expressed continuing confidence that it is not liable for Indian capital gains tax from its purchase of the Indian mobile phone network Hutchison Essar in 2007 despite a setback in the Mumbai High Court.
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Netherlands Signs Two Caribbean TIEAs 9/9/2010 The Netherlands Ministry for Foreign Affairs has announced the signing of two Tax Information Exchange Agreements with the Caribbean of territories
Aruba, and Antigua and Barbuda.
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EU Divided Over Financial Tax 9/10/2010 During a recent European Council of Finance Ministers meeting held in
Brussels, deep divisions regarding the introduction of a financial transactions
tax within Europe emerged.
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Panama Expands Tax Agreement Network 9/8/2010 Panamanian Vice President and Foreign Minister Juan Carlos Varela has flown to Europe to sign double taxation treaties with Portugal, Italy, Spain, France, and Luxembourg.
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Netherlands, UK Conclude Competent Authority Agreement 9/8/2010 The Dutch government has concluded an agreement
with the United Kingdom on the tax aspects of the Dutch closed-end common
fund, granting tax transparency to both pension funds and investors.
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Caribbean Intensifies Lobbying Against UK Air Tax 9/8/2010 The Caribbean is to intensify efforts to establish a 'fairer passenger tax system' in
the UK during an official visit to the city of London, which will include a
series of meetings between high-level officials and parliamentary
bodies, the Caribbean Tourism Organization said.
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Netherlands, Japan Sign Tax Treaty 8/31/2010 On August 25, 2010, a new tax treaty between the Netherlands and Japan was signed in Tokyo.
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Indonesia To Place Tax Officers In Overseas Embassies 8/24/2010 As part of the government’s drive to increase budgetary revenue, its Tax
Director General, Mochammad Tjiptardjo, has disclosed a plan to place tax officials
in Indonesia’s embassies in selected countries.
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Seychelles Signs First TIEA With Netherlands 8/12/2010 A tax information exchange agreement has been signed between the Seychelles
and the Netherlands.
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Mexico Ratifies TIEAs With Bermuda, Netherlands Antilles 8/4/2010 The Official Gazette of the Mexican Federal Republic has recorded the ratification of tax information exchange agreements between Mexico and Bermuda, and another with the Netherlands Antilles on July 26, 2010.
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Vodafone Denies Tax Claim 8/2/2010 The UK’s delegation to India, headed by Prime Minister, David Cameron, aims to bring the countries' relationship to a new level; but telecom giant Vodafone, one of the UK’s major investors in India, remains embroiled in an unresolved USD2bn tax dispute.
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Netherlands Further Enhances Tonnage Tax Regime 7/22/2010 Dutch Minister for Finance, Jan Kees De Jager has announced that the government
has broadened the scope of its tonnage tax regime to include cable and pipe laying vessels, research vessels and crane
vessels.
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Netherlands Signs Transport Agreements With Overseas Territories 7/9/2010 Dutch Minister for Transport, Camiel Eurlings has announced the signing of
agreements with the Netherlands’ overseas territories, Aruba and Curaçao
to enhance cooperation in the field of air and marine transport.
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Hong Kong To Implement DTAs 7/8/2010 Orders made to implement double taxation agreements with Brunei, the Netherlands and Indonesia for the avoidance of double taxation and the prevention of tax evasion have been gazetted.
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Netherlands To Sign TIEAs 7/7/2010 The Dutch government has united on plans put forward recently by Dutch Finance Minister Jan Kees De Jager to conclude tax
information exchange agreements with Uruguay, Mauritius and Brunei, in a
further endeavour to combat tax evasion.
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Brazil Reviews Preferential Tax Regimes 7/1/2010 The Brazilian tax authority has introduced an appeals procedure in respect of its black and gray listing of preferential tax regimes, which are subject to special tax requirements.
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Gurria Calls For New Fiscal Balance 6/30/2010 Addressing the Group of 20 Business Summit, Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development, spoke on the difficulty of balancing fiscal consolidation with the support of a job-rich recovery.
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