Netherlands to follow U.K and U.S in corporate tax “race to the bottom”

OLIVIER HOSLET

Dutch finance minister and President of Eurogroup Jeroen Dijsselbloem attends a hearing by European parliament committee on economic and monetary affairs in Brussels, Belgium, 18 February 2016.

Netherlands to follow U.K and U.S in corporate tax “race to the bottom”


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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.

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