Income tax can go down, says minister

Tuesday 23 June 2009

Efforts to reduce tax dodging are slowly proving they effectiveness, opening the way for income tax cuts for the population at large, junior finance minister Jan Kees de Jager says in an interview with Tuesday's AD.

'Tackling tax havens means rates can come down. And it would be most logical to do that for income tax,' De Jager told the paper.

The next government will look at how big the tax cut could be, depending on how much the efforts to cut tax dodging actually raises, he said.

Dutch citizens have billions of euros stashed away in tax havens but new treaties with countries such as Luxembourg and Belgium make it easier for officials to track down this money.

This year an amnesty for people with savings in foreign bank accounts generated €187m extra for the treasury.

The top Dutch income tax rate, which is levied on income over €54,776, is 52%.

© DutchNews.nl

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