The Dutch tax advisors association has criticised several of the cabinet’s plans to reform the tax system, saying they will lead to more red tape, the Financieele Dagblad reports on Tuesday.

In particular, the proposal to limit the tax breaks on the takeover of Dutch companies by foreign firms are too complex, the association, or NOB, says.
Junior finance minister Frans Weekers wants to end the abuse of the tax break which allows foreign companies to reduce the tax they pay on their profits by deducting the interest on debts from the gross profit total.
Research by the Volkskrant last year showed companies such as NXP, Hema and Ziggo had been loaded with debt by their new owners. By deducting the interest from earnings, the companies make a loss on paper and have to pay very little tax.
However, Weekers’ plans are extremely complex and miss their target, the NOB says.