After Unilever announced that it will not move its headquarters to Rotterdam, the cabinet decided to reconsider the whole package of measures proposed for the business world. The central and most controversial measure is the abolition of the dividend tax. The cabinet defended this abolition for a long time, but it now appears that it will probably not happen. Sijbren Cnossen Professor of Public Economics Bas Jacobs, amongst others, comments on the package of measures proposed by the cabinet in NOS.
Even though the abolition of the dividend tax is the measure that has been discussed the most, it is not the only measure proposed by the cabinet. There is more: the cabinet namely plans to lower the corporation tax and to reduce the expenses for SMEs. As such, the 1.9 billion euros that will be saved if the dividend tax will not be abolished, will come to the benefit of companies. Sijbren Cnossen Professor of Public Economics Bas Jacobs however has an other suggestion for the cabinet. According to Sijbren Cnossen Professor Bas Jacobs, the cabinet must create a tax-write off for companies for the costs they make for investments in equity. These costs are for example the costs incurred when distributing dividends to shareholders.
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Read the whole article on NOS, d.d. 6 October 2018.