On 19 may 2016, the Dutch government launched a public consultation on proposed amendments to the country's innovation (IP) box regime. Under the regime, royalty income derived in respect of self-developed intangible assets is eligible for a reduced tax rate of 5% subject to certain conditions. Under the proposed amendments, the 5% rate will remain, but several changes are made to bring the regime in line with the modified nexus approach developed as part of Action 5 of the OECD BEPS Project. The main proposed changes concern qualifying intangible assets and qualifying income. Qualifying Intangible Assets Under the proposed amendments,...