‘Profit tax multinationals provides the Netherlands 800 million extra’ · Accountancy This morning
Under the OECD agreements, large multinationals will pay a minimum of 15 percent profit tax under certain conditions in each country where they operate. The introduction will cost the Netherlands €800 million per year in tax revenues, the FD has calculated.
Income from taxation in our country amounts to more than € 140 billion annually. Worldwide, the minimum corporation tax must amount to approximately €100 billion extra. The OECD is coming this week with a model text that 140 countries can use to pass their legislation on passengers; the European Commission with a draft directive for.
The newspaper quotes Deloitte partner Stephen Brunner: ‘It will be almost impossible to store profits in low-tax countries. It is assumed that all countries will adapt it.’ This could lead to companies reconsidering their location because tax aspects are no longer decisive. have other means to entice companies, such as cheap land or indirect subsidies. The question is whether the realization will come into effect in 2023, as intended. For example, there is still no clarity about a coherent regime for internet giants with a turnover of more than €20 billion. Some of them will also have to pay tax in the country where the turnover comes from.