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12/5/04

DUTCH GOVERNMENT TO CUT CORPORATE TAX RATE TO 30% by 2007

Dutch Government to Cut Corporation Tax Rate to 30% by 2007

The Dutch government has announced plans to reduce its current 34.5% corporation tax rate to 30% by 2007. The corporation tax will be reduced in three stages, with the first cut, totaling 3%, taking place as soon as January 1, 2005.

The Dutch government expects the corporation tax rate cut to lead to more foreign investment while making Dutch companies more competitive with counterparts in countries with lower tax rates.

Source: Dutch Ministry of Finance

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