Netherlands - Netherlands Bank Tax Introduced
- P. Kavelaars
- European Taxation, 2012 (Volume 52), No 8
- 10 July 2012
This note examines a bill presented to the Dutch House of Representatives in December 2011 to implement a bank tax. The tax will exclusively affect financial institutions with a banking licence and is modelled after the UK bank tax. With this tax, the Netherlands has chosen a direction other than that proposed by the European Commission, i.e. implementation of a financial transaction tax.