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Thread: OT - a step in the right direction

  1. #1
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    Sep 2011
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    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

  2. #2
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    Jan 2015
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    MA great idea but as we know ,there will be away round it At least you can look forward to 2020 and your extra 18% in your bonus Don't invest it or you will pay again The Dutch government are like the UK one, they just do sweetheart deals with your Apple and Starbucks ,then spout that they are employing people I employ people but they won't do me any deals The fiddle with lossess has always been a joke in all businesses

  3. #3
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    So far this is limited to Dutch Multinationals like Shell, Akzo-Nobel and Philips. The old chestnut about jobs doesn't wash any more. They employ far less people than they used to. At one time Philips, for instance, employed 130K people. Today that is 3100. Time to cough up. More difficult with foreign Multinationals as they could up sticks and move their head office elsewhere. I hope they get taxed sooner rather than later.

  4. #4
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    Jan 2015
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    Quote Originally Posted by MadAmster View Post
    So far this is limited to Dutch Multinationals like Shell, Akzo-Nobel and Philips. The old chestnut about jobs doesn't wash any more. They employ far less people than they used to. At one time Philips, for instance, employed 130K people. Today that is 3100. Time to cough up. More difficult with foreign Multinationals as they could up sticks and move their head office elsewhere. I hope they get taxed sooner rather than later.
    Yes it's a delicate balance that the foreign multinational always have the ace card of threatening to move The trouble is global to many countries they can prepared to bend over backwards for them That's why Amazon will continue to use Ireland

  5. #5
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    Sep 2011
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    Even more tricky with online profits. US firms sell a lot online and European contries want to start taxing them on profit made online. That nice Mr Fart over the water has threatened all manner of sanctions if they do as it would hit the already super rich shareholders of those companies.....

    It seems that the mantra is "we are the 1% and intend to stay there and make the gap even larger".

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