The Tweede Kamer, the lower house of Dutch parliament, wants the government to explain a controversial deal that Shell made with the Dutch tax authorities in 2005. As a result of this deal, Shell's British shareholders are exempt from dividend tax in the Netherlands, through which the Dutch treasury lost out on over 7 billion euros, newspaper Trouw reported on Saturday.
The VVD, CDA, D66 and ChristenUnie presented its plans for the Netherlands for the coming years on Tuesday, 209 days after the parliamentary election In March. The Rutte III government is expected to take office in two weeks. Opposition parties have Wednesday to read through the agreement, and on Thursday they wil debate in the Tweede Kamer, the lower house of parliament, the Volkskrant reports.
Government formation mediator Gerrit Zalm is delivering the new Dutch government agreement to Tweede Kamer president Khadija Arib at around 1:00 p.m. Some time after that, the VVD, CDA, D66 and ChristenUnie will present their plans to the press and parliamentarians, the Volkskrant reports.
The government agreement contains the new coalition's plans for the coming years. A summary of leaked details can be seen here.
After 208 days of negotiations, the new Dutch government coalition of VVD, CDA, D66 and ChristenUnie can almost take office. On Monday the negotiators of the four parties presented their new government agreement to their parliamentary factions, and all four parties approved it. It will be presented to the press and the Tweede Kamer, the lower house of Dutch parliament, later today, according to RTL Nieuws.
Nearly seven months after the parliamentary elections, the negotiators of the VVD, CDA, D66 and ChristenUnie are finally done with their new government agreement, formation mediator Gerrit Zalm announced on Monday. The agreement was sent to the four parties' parliamentary factions, which have the rest of Monday to read through it, ask questions and make comments, NU.nl reports.
The VVD, CDA, D66 and ChristenUnie decided not to increase healthcare own-risk deductibles next year, government formation mediator Gerrit Zalm announced in a letter sent at the insistence of the Tweede Kamer. To compensate for that, health insurance premiums will increase by an extra 10 euros per year, RTL Nieuws reports.
The negotiations on forming a new Dutch government will happen outside The Hague on Thursday and Friday. The VVD, CDA, D66 and ChristenUnie will be meeting on De Zwaluwenberg in Hilversum, the workplace of the Inspector General of the Armed Forces, for those two days, NOS reports.
The four parties negotiating forming a new Dutch government together reached a compromise on medical ethics issues, AD reports based on a draft text for the government agreement. It says that the government will not make any proposals to expand the euthanasia law to allow assisted suicide for elderly people at the end of a full life, but will make more stem cell research possible, according to the newspaper.
After a break of almost three weeks, the VVD, CDA, D66 and ChristenUnie are meeting today to continue negotiating forming a government together. It's now been 144 days since the government formation talks began. On average, formation talks last 90 days, RTL Nieuws reports.
Negotiators for the VVD, CDA, D66 and ChristenUnie seemed carefully optimistic that the government formation talks will come to a good conclusion when they pick up again after the summer break. There is good hope, mediator Gerrit Zalm said after the negotiators parted ways for a two week long break on Wednesday, AD reports.
Today is the 126th day of government formation talks in the Netherlands. And while the formation still seems to be far from over, progress is being made. The financial part of the formation is going so well, that mediator Gerrit Zalm hopes to have this phase finished today, BNR reports.
Once the financial part is complete, the documents can be sent to central planning office CPB to be checked over and credited, and the negotiators can break for summer holiday.
The Dutch government formation talks are continuing this week, but not on the Binnenhof. On Monday and Tuesday the leaders of the VVD, CDA, D66 and ChristenUnie, and their seconds, will be negotiating in the Johan de Witthuis, a few hundred meters away from their regular meeting place, AD reports.
Mediator Gerrit Zalm hopes that a change of scenery wil bring some new inspiration.
Herman Tjeenk Willink is resigning as mediator in the Dutch government formation negotiations, sources reported to De Telegraaf on Monday. It is believed that Gerrit Zalm, former VVD Finance Minister and former CEO at ABN Amro, will succeed him, according to the newspaper.
Delta Lloyd's CFO Clifford Abrahams is moving ot ABN Amro. From September he is taking over as ABN Amro's CFO from Alexander Rahusen, who filled the position on an interim basis, the Telegraaf reports.
Before joining Delta Lloyd, Abrahams worked for insurer and asset manager Aviva and business bank Morgan Stanley. ABN Amro praises him for his "strong service" and "extensive experience" in his previous high positions in the financial sector. Abrahams will continue to work on the commpletion of Delta Lloyd's merger with NN Group until he steps over to ABN Amro.
ABN Amro is implementing more cutbacks that will result in 1,500 lost jobs, the bank announced on Wednesday at the presentation of its qurterly results, the Telegraaf reports.
This new round of cutbacks could yield some 400 million euros in savings and comes in addition to reorganization plans already announced in recent months. The bank currently employs 26,500 people. By 2020 that number will be cut to 23 thousand.
Gerrit Zalm will be stepping down as CEO of ABN Amro next year, instead of in May 2018 when his contract runs out, the bank announced on Tuesday. The bank’s supervisory board will announce his successor and exact date of departure at a later date, NU.nl reports.
ABN Amro is planning more job cuts in a 200 million euro cutback plan announced with the bank's half-year figures on Wednesday. According to CEO Gerrit Zalm, in the next few weeks the bank will discuss the job cuts with the works council, after which it should be clear how big the job losses will be
ABN Amro CEO Gerrit Zalm will be leaving the bank earlier than expected. Zalm is stepping down next year, instead of in 2018 when his contract ends, the Financieele Dagblad reports based on sources involved in finding a successor.
If the European Central Bank decides to cut interest rates in the eurozone further, negative savings account interest rates are a definite possibility, ABN Amro CEO Gerrit Zalm warned on Thursday
ABN Amro is set to go public on November 20th. Shares will cost between 16 and 20 euros and may eventually bring 18.8 billion euros in for the State.
ABN Amro is ready for an IPO, CEO Gerrit Zalm said to the Tweede Kamer, lower house of parliament, on Tuesday night. According to him, the IPO is a "logical development" - the bank is financially in order and moral lessons have been learned.
The ABN Amro spin-off unto the public market might happen this year after all as the government continues working to list the bank back on the stock market, Prime Minister Mark Rutte said in his weekly press conference after the Cabinet meeting. He says he still has confidence in the leadership of ABN Amro even after the "climate of unrest" from postponing the IPO decision after recent turmoil surrounding the approval of pay raises of the ABN Amro executive board.
Finance Minister Jeroen Dijsselbloem approved the controversial ABN Amro executive board pay raise and promised to defend it publicly in spring 2014, according to a memo ABN Amro put together in August 2014, and acquired by NRC.