Jeroen Dijsselbloem said on Tuesday the Netherlands is considering lowering corporate tax. Speaking to RTLZ, Dijsselbloem said headline corporate tax could be reduced from the current 25%.
The Labour (PvdA) minister’s statement is against the party’s 2017 general election manifesto, which says explicitly that the party does not want to enter a “race to the bottom.”’
Theresa May pledged on Monday to lower British corporate tax in the G20. Speaking a leading business organization (CBI) May reiterated the plan of the former Chancellor George Osbourne to slash corporate tax rate from 20% to 17% by 2020.
Donald Trump has vowed to lower corporate tax to 15% from the current US headline corporate tax of 35% in mind.