‘Historic’ agreement: G20 agrees minimum tax for multinationals

Netherlands tax haven

The caretaker cabinet announced earlier to be happy with a worldwide minimum rate. According to experts Such a rate can be beneficial for the Dutch treasury, because many international companies are established in the Netherlands and they are less likely to move to other countries if the same rate of profit tax has to be paid there.

The Netherlands is internationally known as a tax haven, but that is mainly because many multinationals use the Netherlands for transferring money. Other tax havens, such as Bermuda, are especially attractive because of the low (or lack of) income taxes. They are therefore affected by such a global measure.

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