The Netherlands and eight other European countries are calling on the European Union to implement a tax on air travel. The governments of the nine countries signed a manifesto calling on the European Commission to come up with a proposal on this front, which will be handed to European Commissioner Frans Timmermans.
The European Commission wants to substantially increase the Dutch contribution to the European Union budget in the coming years. The Netherlands' contribution next year amounts to 8.1 billion euros. If the European Commission has its way, that will increase to 13 billion euros by 2027 - an increase of no less than 60 percent, the Ministry of Finance confirmed to RTL Z after reports in Financieele Dagblad.
Big businesses in the Netherlands paid significantly less taxes between 2008 and 2017. The so-called tax burden, the tax that large companies actually pay, decreased from 22.9 percent to 17.1 percent in the past year, while the rates have not changed, Statistics Netherlands concluded in a study commissioned by the parliamentary committee on finance.
Minister Wopke Hoekstra of Finance is "very satisfied" with the agreement the EU Finance Minsters reached about the so-called eurozone budget, calling it a "fruitful result for Dutch tax payers". "We have taken important steps towards better spending of EU money", the Dutch Finance Minister said in Luxembourg on Thursday, AD reports.
Parties in the Tweede Kamer are doubtful about whether the Dutch State's purchase of 750 million euros in Air France-KLM shares is having the promised effect. Coalition party D66 and opposition parties PvdA and PVV, among others, want Finance Minister Wopke Hoekstra to show how the government's purchase of these shares improved KLM's position in the airline combination, NOS reports.
The Public Prosecutor launched a criminal investigation into ABN Amro for money laundering and terrorism financing. The bank is suspected of reporting suspicious transactions late or not at all, and not screening its clients properly, NOS reports.
A spokesperson for ABN Amro confirmed to NOS that the bank was informed of the investigation on Wednesday. Other than that ABN Amro is fully cooperating in the investigation, the bank would say nothing further.
Minister Wopke Hoekstra of Finance does not want to outright ban a negative interest rate on savings. Such a "hard ban" would be a "very significant intervention in the market" which can have negative effects, he said in response to parliamentary questions from the CDA and PvdA, NU.nl reports.
Top officials from the Tax Authority knowingly allowed an illegal fraud hunt on childcare allowance recipients that has been dragging on since 2014, Trouw and RTL Nieuws report based on their own research into documents received through the Open Government Act.
The ruling cabinet in the Netherlands outlined a plan for 2020 that includes an extra 350 million euros to respond to problems on the housing market, 300 million euros to tackle issues related to youth care, and 134 million euros on asylum procedures and migration. Minister Wopke Hoekstra of Finance presented the Rutte III government's budget for next year to the Tweede Kamer, the lower house of Dutch parliament, on Tuesday.
At 3:00 p.m. on Tuesday the Rutte III government will present its budget for next year. But as every year, a number of the government's plans already leaked to the press. Here follows a summary of what we know so far, compiled by NOS and RTL Nieuws.
Today is Budget Day, or Prinsjesdag, in the Netherlands. This is the official opening of the parliamentary year. King Willem-Alexander will give a speech and the government will present its budget plans for next year. Here's what to expect.
Five Dutch banks want to team up and establish an organization to tackle money laundering together. The idea is that by viewing the banks' total 10 billion transactions per year together, it will be easier for the organization - which they plan to call Transactie Monitoring Nederland (TMNL) - to identify suspicious activities, the Dutch association of banks NVB said to RTL Nieuws.
Multinational companies which conduct business in the Netherlands will soon be forced to pay taxes on their profits, instead of creatively using an accounting loophole to avoid tax liabilities in the country. The ruling Dutch cabinet, led by third-term Prime Minister Mark Rutte, has reportedly agreed to back an initiative from the left wing opposition parties, according to broadcaster NOS and newspaper AD, both citing unnamed sources.
The coalition parties in the Rutte III government reached broad agreements on the focus of the Netherlands' tax plans for next year. Low- and middle-income households must see an improvement in their purchasing power. And it must become easier for people starting out on the housing market to find a home, NOS reports.
"We have taken further steps on our way to Prinsjesdag", Prime Minister and VVD leader Mark Rutte said after an hours long meeting between the coalition parties and the Ministry of Finance, which ended at around midnight on Thursday.
The Dutch government plans to set up a fund containing billions of euros as a buffer to guarantee economic growth in the Netherlands, the Telegraaf reports based on sources. The amount to go in this fund has not yet been decided, but according to the newspaper, the amount of 50 billion euros is circulating on the Binnenhof.
After a nice summer break, the Dutch government is back at work. The Ministers will meet for the first time again on Friday, to catch up on current affairs under the leadership of Prime Minister Mark Rutte during the Council of Ministers, Hart van Nederland reports.
The only Minister still on holiday is Ferdinand Grapperhaus, who stood in for Rutte during the summer and still has some vacation days to catch up on.
The Dutch government is nominating only one candidate for the position of director of the International Monetary Fund. And that candidate is former PvdA Finance Minister Jeroen Dijsselbloem, sources in The Hague confirmed to both NOS and the Volkskrant.
Earlier this week current Finance Minister Wopke Hoekstra said that the Netherlands has a few excellent candidates. On Friday he said that one candidate seems to be holding really good cards and that the government wants to improve their position even further. He did not mention any names.
The Dutch government is planning to implement stricter rules for financial institutions' remuneration policies, including stricter rules on share benefits and bonuses. Representatives of the FinTech sector, which falls under 'financial institutions', are outraged by these new rules, saying that they will result in higher financial risks for the companies, unfair competition, and higher administrative costs, Financieele Dagblad reports.
Banning cash payments of over 3 thousand euros, regulating cryptocurrencies, and calling for the 500 euros banknote to be taken out of circulations are two of a large package of measures against money laundering that Ministers Wopke Hoekstra of Finance and Ferdinand Grapperhaus of Justice and Security sent to parliament on Monday.
State Secretary Menno Snel of Finance limited the investigation into mistakes made by the Tax Authority while canceling childcare allowances. The investigators Snel himself hired explicitly wanted to do a broader investigation, but Snel refused, RTL Nieuws and Trouw report.
This year the Dutch government is allocating extra money for Defense, climate measures, youth care and education, according to the Spring Memorandum that Minister Wopke Hoekstra of Finance sent to parliament. The extra money allocated to Defense is far too little, American ambassador Peter Hoekstra said to the Volkskrant.
The government will push a total of 920 million euros extra into youth care over the next four years, is stated the Spring Memorandum that will be presented later his month, sources in The Hague told newspaper AD.
This year the Dutch municipalities will receive an extra 350 million euros for youth care, followed by 190 million euros per year in the next three years. The government hopes that municipalities will be able to eliminate the deficits they have with this extra money.
The European Union needs to set different priorities, and Germany must take the lead in this, according to Finance Minister Wopke Hoekstra. In his lecture at the Humboldt University in Berlin on Tuesday, he will call for more attention for European defense, for protecting the external borders, for tackling the climate problem, and for making sure that all EU member states adhere to EU rules, NOS reports.
Changing the names of Ministries and redistributing tasks between the different government departments is costing the Rutte III government an estimated 31.7 million euros, the Volkskrant reports based on a report by the Central Audit Service, which forms part of the Ministry of Finance.