Dutch Closing Door on Popular Corporate Tax Breaks (Corrected)

The Netherlands is taking another swipe at companies that take advantage of its tax laws to lower or avoid taxes.

It is proposing two measures intended to make sure multinationals pay enough tax, and pay some of it in the Netherlands, as part of its 2020 budget plans.

One measure would withhold tax on interest and royalties on payments from or through the Netherlands to low-tax and tax-haven jurisdictions, as designated by the government. Another measure would target a provision that helped some Dutch-based multinationals pay zero corporate income tax in the Netherlands by deducting foreign losses at home. ...