Dutch tax amnesty generates EUR 139 million
About 5,000 people took advantage of an amnesty measure and reveal their secret foreign holdings and paid the taxes they owed.28 July 2008
THE NETHERLANDS - Dutch Deputy Finance Minister Jan Kees de Jager has told the lower house of parliament that the tax office is claiming EUR 430 million in back-taxes from Dutch citizens holding foreign bank accounts or real estate.
Some of the claims relate to secret accounts in Luxembourg while others stem from secret property holdings abroad. According to the tax office, some 1,400 people are appealing against the tax levy.
Around 5,000 people took advantage of an amnesty measure. They revealed their secret foreign holdings and paid the taxes they owed, generating EUR 139 million for the tax office.
[Radio Netherlands / Expatica]