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The Dutch Ministry of Finance to Introduce New Measures against Tax Evasion

23 January 2017

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Proposed Changes

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Netherlands

The Dutch Ministry of Finance has announced initial proposals to tackle tax evasion. The proposals, which were introduced in a letter to parliament on 17 January 2017, include: Abolishing the voluntary disclose scheme so that penalty relief will no longer be available for disclosures made within 2 years of the initial inaccurate/incomplete declaration; Eliminating the use of bearer shares of non-listed companies by requiring the storage of share ownership information in electronic form, with title to the shares recorded through a regulated custodian (already required for listed companies); Limiting the tax information privilege for notaries and lawyers; and Shaming tax...