In two press releases of 23 and 24 April 2006, the Ministry of Finance announced that the Dutch Council of Ministers approved a bill that contains proposals regarding "Work on Profit". The bill provides for the following rate reductions as from 2007: -   the corporate income tax rate would be reduced from 29.6% to 25%. In addition, the rate for small- and medium-sized companies would be reduced to 20%; currently, the rate is 25.5% for profits up to EUR 22,689; -   9% of the profits of entrepreneurs subject to personal income tax would be exempt, resulting in a...