Ministry of Finance

Mark Rutte
Aug 16 '19 14:20

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.

Jul 12 '19 16:10

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.

Wopke Hoekstra
Jul 11 '19 14:20

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. 

Euros
Jul 1 '19 08:09

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.

Menno Snel
Jun 18 '19 07:56

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.

Dutch soldiers with Minimi-light machine guns
May 29 '19 10:09

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.

Child with teddy bear
May 9 '19 11:00

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.

Wopke Hoekstra
May 7 '19 08:45

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.

The towers that house the Ministries of Home Affairs and Justice and Security on Turfmarkt in The Hague
Apr 2 '19 09:07

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. 

Ferdinand Grapperhaus
Mar 11 '19 09:46

Minister Ferdinand Grapperhaus of Justice and Security wants stricter legislation to prevent mayors from being threatened. The maximum prison sentence for threatening a public official must be increased from two to four years, and the Minister is also looking into how the government can confiscate more money and possessions from serious criminals, he said in an interview with the Telegraaf.

Mar 6 '19 07:53

Not informing the Tweede Kamer about the government purchasing shares in Air France-KLM was a "judgment call", Minister Wopke Hoekstra of Finance said in a debate on the matter on Tuesday. He considered all variants of parliamentary involvement in the purchase. "Considering all the pluses and minuses, this was the most ideal, but an ideal outcome does not exist", he said, NOS reports.

Mar 1 '19 12:40

It seems that the Netherlands and France are on good terms again, after the Dutch state unexpectedly bought a large interest in Air France-KLM this week. During a joint press conference, Dutch Minister Wopke Hoekstra of Finance and French Minister Bruno Le Maire of Economic Affairs stressed their common interest in making Air France-KLM "the best aviation company in the world", NOS reports.

Emmanuel Macron, elected French president on 7 May 2017
Feb 28 '19 09:25

French president Emmanuel Macron wants clarity from the Dutch government about its strategy with regard to Air France-KLM. Now that the Dutch state bought a considerable interest in the airline combination, it is important for the Netherlands to make its intentions clear, Macron said, AD reports.

Feb 27 '19 08:53

The Dutch State bought 12.68 percent shares in Air France-KLM, worth 680 million euros, Minister Wopke Hoekstra of Finance announced at a press conference on Tuesday evening. The French government did not know about this move in advance, according to French Minister of Economic Affairs Bruno Le Maire, NU.nl reports.

KLM
Feb 20 '19 10:50

Pieter Elbers will be allowed to stay on as CEO of Dutch airline KLM, the board of Air France-KLM decided. The Dutch man's term as CEO comes to an end in April, but the intention now is that it will be extended. The shareholders still have to formally approve Elbers' reappointment at the annual meeting in April, NOS reports.

Mark Rutte
Jan 25 '19 12:00

Prime Minister Mark Rutte criticized Brussels for being too lax as far as Italy is concerned. The European Commission must be harsher on Italy for violating budget agreements, Rutte said at an economic summit in Davos. The current state of affairs fosters mistrusts among citizens of other EU member states, including the Dutch, he said, NU.nl reports.

Nov 29 '18 10:50

Shell has not paid any profit tax in the Netherlands for years, despite earning billions of euros in the country every year, newspaper Trouw reports based on "well informed" sources and a confidential internal document from the Ministry of Finance. 

Menno Snel
Nov 7 '18 14:30

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. 

Faud Hussein meeting U.S. Secretary of State John Kerry in Erbil, Iraq, 24 Jun 2014
Oct 25 '18 09:29

Iraq's new government has a Dutch touch. The new Minister of Finance, Faud Hussein, lived in the Netherlands for years. He fled Iraq in the 1970s, studied at the Vrije Universiteit in Amsterdam, married a Dutch woman, and worked for other refugees. He speaks fluent Dutch, NOS reports.

Early this month Hussein, member of the Kurdish democratic party PUK, also made a run for the presidency. But Barham Salih of the same party received the most votes in parliament.

Wopke Hoekstra
Oct 10 '18 12:50

Minister Wopke Hoekstra of Finance will skip te autumn meeting of the International Monetary Fund in Bali this year, so that he can be available for consultations on the possible abolition of dividend tax, his spokesperson said, ANP reports.

Euros
Sep 26 '18 07:56

Multiple banks under the supervision of Dutch central bank DNB are too lax when it comes to countering money laundering, according to the regulator. Minister Wopke Hoekstra of Finance asked the DNB to look into this after ING was slapped with a massive settlement for this same reason. He informed parliament about the results of the DNB investigation on Tuesday, ANP reports.

2019 budget ready to be presented to the Tweede Kamer, Prinsjesdag, 18 Sept 2018
Sep 18 '18 14:00

"The foundations of our prosperity are strong, but they are no guarantee for future economic prosperity", is the message Minister Wopke Hoekstra of Finance will give at the presentation of the first Budget Memorandum of the Rutte III government on Tuesday, NOS reports.

According to Hoekstra, the government wants the Dutch people to feel that things are going well with the economy. At the same time he warns against economic headwinds that may be caused by the Brexit and trade disputes started by US president Donald Trump. 

The Prinsjesdag budget briefcase in 1983, held by Finance Minister Onno Ruding. 20 Sept. 1983.
Sep 18 '18 09:54

The first fans of the Dutch Royal Family started gathering in front of the Noordeinde Palace in The Hague from 5:30 a.m. this morning, wanting to get the best places to see the King and Queen drive by in the Glass Carriage this afternoon and later wave from the balcony, NU.nl reports.

Wopke Hoekstra
Aug 31 '18 13:50

The government parties VVD, CDA, D66 and ChristenUnie reached an agreement on the budget for 2019 and agreements were made about how dividend tax will be abolished, the parties said after a final meeting on Thursday evening. The parties would give no details about their agreements. That will be presented on Budget Day, the third Thursday in September, NOS reports.

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