OT - a step in the right direction
News broke yesterday that the Dutch government are going to make Dutch Multinationals pay the "proper amount of tax" and no longer be able, amongst other things, to write off losses made abroad against Dutch profits for tax purposes from January 2021.
Allied to the EU Law that comes into effect on 1/1/2020 stopping individuals hiding money and assets abroad to avoid tax, it is a step in the right direction. In December I will get a £10 tax free bonus from the UK government as will most pensioners. However, as I am taxed in the Netherlands I will pay 38% tax on it....... I can't wait for the December 2020 "bonus" as by then I will also be the Dutch State Pension and I will only pay 20% tax on my bonus...... ain't life grand ;)
There is no mention in this NL government announcement of companies like Apple, Starbucks etc also having to pay tax on all profit generated in the Netherlands. A step too far right now?
Full story here: https://nltimes.nl/2019/09/11/dutch-...erlands-report