Dutch banks oppose plans for €300m annual tax

Author (Person)
Series Title
Series Details 5.7.11
Publication Date 05/07/2011
Content Type

The Dutch banking industry attacked government plans to impose a €300m annual tax on Dutch banks, arguing that any such levy should be introduced across the European Union rather than by individual countries.

The Dutch government said on the 1 July 2011 that it would introduce the banking tax, on either 1 January 2012 or 1 July 2012.

The move is meant to compensate for the planned lowering of the Dutch tax on house purchases, from 6% to 2%, in order to free up the Netherlands’ frozen housing market.

Related Links
Reuters, 1.7.11: Dutch govt plans to tax banks, ease burden on homebuyers http://www.reuters.com/article/2011/07/01/dutch-bank-tax-idUSLDE76019Y20110701
RNW, 30.6.11: Conveyance tax down four percent? http://www.rnw.nl/english/bulletin/conveyance-tax-down-four-percent

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