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.
A number of tax advisors are suspects in a fraud case involving 2.7 million euros, the Tax authorities' investigative department FIOD announced on Tuesday. Five suspects were arrested. Their identities were not disclosed, ANP reports.
Over the past two weeks the FIOD raided seven offices and homes in Stein, Holten, Hoorn, Purmerend, Hendrik-Ido-Ambacht and Wezep. Computers and files were seized as well as bank accounts, cars, houses and cash. A massive 180 thousand euros in cash was found in one advisor's home. The origin of the money is under investigation.
The court in Amsterdam - Leeuwarden has ruled against a man who wanted to deduct cannabis he bought from a coffee shop from his income tax as healthcare costs, De Telegraaf reports.