Dutch tax amnesty generates EUR 139 million

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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]

2 Comments To This Article

  • zap12 posted:

    on 28th July 2008, 22:03:26 - Reply

    Well its true you are taxed on your world wide income, so any interest anywhere! Dividends, profit from foreign rent etc etc etc.. Somebody has to pay for the socialist regime and the Queen, why not your interest!

    Move To Switzerland, tax aversion is enshrined in their constitution! Plus they are better looking!
  • Joe posted:

    on 28th July 2008, 12:33:06 - Reply

    This article is a tad vague. I was wondering if anyone could clarify under which circumstances someone would have to pay taxes on money in a foreign bank account. I mean, it's one thing if you try to hide income in a foreign account so that you can avoid taxes, but it seems insane that you would have to pay any kind of tax on money you earned and already paid income tax on just because it is sitting in a foreign account.