subsidiary

Jun 15 '18 09:06

Supermarket chain Jumbo established a subsidiary in Belgium - the next step in the Dutch chain's mission to open stores in the Netherlands' neighboring country, NU.nl reports.

Jumbo announced in November that it plans to open stores in Belgium. The first Belgian Jumbo stores will open only after this year, financial director Ton van Veen said. In March Jumbo posted a vacancy for an "experienced real estate acquisition agency" in Belgium, which must help the group select suitable shop locations. 

Belastingdienst
Feb 22 '18 16:00

A Dutch tax regulation for deductible interest on loans between parent companies and subsidiaries is in conflict with EU rules, the European Court of Justice ruled on Thursday. Last year Eric Wiebes, the State Secretary of Finance, warned that this ruling could cost the Dutch treasury 400 million euros, NU.nl reports.

Nov 4 '15 14:30

Dutch bank ING has benefited from the recovery of the Dutch economy, showing a 14 percent increase in its profits over the past year. On Wednesday ING reported pofits of 1.06 billion euros for the third quarter, this being up from 928 million euros last year. Profits were aided by the 25.8 percent interest still held in former insurance subsidiary NN.

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