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Daily Tax Report: International

Dutch Fight Against Tax Avoidance Needs Allies: Finance Official

Nov. 13, 2019, 9:45 PM

More international collaboration will be needed to curb global profit shifting, even if the Netherlands passes a law to block countries from using it to facilitate tax avoidance, a senior Dutch finance official said.

The government’s proposal for a 21.7% withholding tax on royalty and interest payments from the Netherlands to low-tax jurisdictions would greatly dampen the country’s appeal as a profit-shifting destination, State Secretary for Finance Menno Snel said during Nov. 13 parliamentary debate.

The measure, one of eight laws that make up 2020 Dutch budget, constitutes the government’s most ambitious effort to date...

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