Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Globe with Euro coins around it
Globe with Euro coins around it - Credit: underworld1 / DepositPhotos - License: DepositPhotos
Business
borrowing
businesses
Debt
dutch economy
euro zone
government
Home ownership
households
IMF
innovation
International Monetary Fund
mortgage interest
tax
too much debt
Tuesday, 10 November 2015 - 15:30
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

IMF: Dutch tax system encourages taking on too much debt

The International Monetary Fund believes that the Dutch tax system encourages the accumulation of debt and has advised the Dutch authorities to address the situation. According to the IMF, both Dutch businesses and individual consumers are guilty of borrowing too much. The IMF issued this advice in a report on the Dutch economy that was published on Tuesday, NU reports. The IMF has called on the Dutch government to focus less on labor taxes, and pay more attention to taxes around consumption and capital income. Home ownership can also be taxed more heavily. The IMF also found that the Dutch housing market is still too focused on buying houses, which contributes to high household debts. To remedy this, mortgages relative to the value of houses should be reduced more rapidly. A higher pace on the reduction of mortgage interest deductibles would also help. The IMF highlighted a healthier situation in the Dutch economy. The upswing of the Dutch economy after the recession is expected to continue next year and an extra boost from government will help growth, according the the IMF.

Follow us:

Latest stories

  • Feyenoord win for the sixth time in a row; Vitesse and Excelsior win the derbies
  • Over €100,000 raised for Rotterdam shooting victims
  • House damaged by explosion in Rotterdam; Explosion at home in Hoofddorp
  • Trade union FNV announces work stoppages in timber trade
  • Over 340,000 birds spotted during international bird count, starling at the top
  • Families can now house their loved ones in need of care in their backyard

Top stories

  • Over €100,000 raised for Rotterdam shooting victims
  • RKC goalkeeper Etienne Vaessen regains consciousness after on-field collapse
  • One dead and three injured after major fire in house in Gouda
  • Gas production in Groningen stopped after 60 years
  • RKC-Ajax suspended after goalkeeper Etienne Vaessen collapses unconscious
  • Seventh anniversary of the abduction of Amsterdam girl Insiya Hemani

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content