Shell companies annually siphon 199 billion euros out of the Netherlands in the form of dividends, interest and royalties. Approximately 22 billion of this amount end up in tax havens, according to a study bye SEO Economic Research commissioned by the Ministry of Finance, ANP reports.
The government plans to tackle the outflow to tax havens, countries with very low tax rates, by introducing a so-called withholding tax in 2021.
Dutch bank ING managed to track down the fault that resulted in 3 million transactions being processed twice. The bank reversed the double payments and by now all customers should have their money back, RTL Nieuws reports.
The problem was caused by a mistake made during system maintenance. The error was in the adjustment of the payment system, a spokesperson said to the broadcaster. The transactions involved were mainly debit card payments made on Monday.
Dutch bank ING recorded a net profit of 1.3 billion euros in the first quarter of 2016, compared to 1.8 billion euros in net profit the bank made in the same period last year. Excluding once-off windfalls and set backs, the profits dropped 29 percent to 842 million euros
Experiments on light-reflecting asphalt point to the possibility that road administrators could save millions on road-side lighting on highways. In the dark, road-users could even find their way without headlights, De Telegraaf reports.
England's football team Tottenham Hotspur is rumored to be interested in taking on Ajax coach Frank de Boer, the Telegraaf reports.
The Dutch government has retrieved on Monday 3 billion euro with the reopening of short-term loans. The interest was thereby, also for the shortest loan, higher than 0 percent.
The uncertain outlook for the Dutch economy in recent months, has caused that the Netherlands has to pay more interest on its government bonds. On top of that was Monday, at least temporarily, the end of a period in which investors were willing to add money for short term loans to the Dutch government.
