Tax advisory: The tax in the territory would collect billions of euros
The time when the Dutch Council of State will decide on the legality of the exit tax is getting closer and closer. This tax will apply to multinational companies that move to low tax jurisdictions.
Despite the significant impact of this tax on foreign investment, it is expected that the proposal will gain several political supports.
Furthermore, the British-Dutch multinational company Unilever states that "if the tax is approved we will abandon plans to move exclusively to the United Kingdom, as we could be fined 11 billion euros".
In conclusion, the arrival of the exit tax on multinationals in the Netherlands could mean the following:
- A collection of billions of euros.
- It would apply to multinational companies with a turnover of more than 750 million euros.
B Law & Tax
International Tax & Legal Advisors.