Sunday 18 April 2021

The Netherlands opposes EU financial transaction tax plan

The tax on financial transactions which the European Commission wants to introduce will be damaging for the Dutch economy, finance minister Jan Kees de Jager said on Wednesday.


De Jager said that while the government supports the goals of the tax, it will not contribute to financial stability and could hurt the pension sector. He plans to ask the commission to come up with alternatives such as a European bank tax, he told MPs in a briefing.
The central bank said last month the tax would hit the Netherlands hard because of the size of its financial industry.
The European Commission wants to introduce a wide-ranging tax on the trading of stocks, bonds, derivatives and other financial contracts. Britain is also opposed to the plan.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.