Dutch Taxes At The Level Of Corporate Investment Explained
Author: Kallore Gandhi
The sphere of financial affairs in Netherlands is broadly approachable due to an organization of Dutch taxes in such a manner that they encourage both national and foreign investment. Subsequently, corporate revenues are taxed and then the tax (belasting) is dealt with by the Belastingdienst, the Dutch taxes and customs organization established by the Dutch Ministry of Finance in such a way that the intricate paths of the belasting legislation do not interfere with the investors' interest.
Corporate entities, the same as natural persons (individuals) who pay an annual income tax, are subject to another type of income tax, more precisely to Dutch taxes on corporate income. Both public companies and private companies which register profit are answerable to Dutch taxes on corporate income. Both national corporate entities (which may or may not function internationally as well) and international corporate entities, which have extensions in the Netherlands and therefore are additionally assimilated under Dutch law, will be considered as liable to Dutch taxes. The same as natural persons, corporate entities will be considered either resident taxpayers or non-resident tax payers according to the location of their main offices and to the location of the customary board meetings of the stockholders.
At the most basic level, the taxable revenues registered by a corporate entity throughout a year (excluding from here deductible deficits) are charged. The belasting rate throughout 2006 is a little more than a quarter, 25.5%, to be precise, from the first 22,689 of the revenues liable to Dutch taxes, and is approaching 29.6% for the surplus. As of 2007, the first 22,689 is ratable at 24.5%, while for the surplus the rate decreases at 29.1%.
A point likely to attract the attention of corporate entities is the participation exemption law; this states that none of the revenues derived from stockholdings is liable to Dutch taxes on corporate income. Of course, there are certain rules as to who benefits from participation exemption. If the corporate entity stockholder is considered a capital spending, therefore an investment body, then he is not going to benefit from participation exemption. Also, in case foreign entity stockholders apply for participation exemption, they must keep in mind that they must be liable to taxes and pay their taxes where they holds the stocks; in addition, they must bring proof that their stocks are not maintained as an investment; if the latter situation is proved to be real, then participation exemption does not apply.
Therefore, who benefits from participation exemption? Basically, if the taxpayer retains at least 5% of the paid-up total value of stock shares issued by a corporation, and in case his situation does not belong to any of the exceptions from participation exemption mentioned above, then participation exemption is going to apply. Also, the taxpayer can benefit from participation exemption in the case where he retains less than 5% of the paid-up total value of stock shares, but title (proprietorship) of the stocks is required by the standard management of the corporation.
Also, to what concerns tax return on corporate revenues, the belasting regulations apply on corporations, both national and foreign. Thus, an annual tax return on corporate income must be registered with the Belastingdienst in the first semester from the end of the financial year (which is the regular, calendar year). Also, from the return form the Belastingdienst must be able to extract all the data necessary for establishing the corporate revenues which are liable to Dutch taxes; in consequence, the tax return form must be filed as accurately and as completely as possible. Don't worry; you will not miss filing your tax return, because the Belastingdiest makes certain that every corporation is kept up-to-date with its situation concerning Dutch taxes. Subsequently, the tax office sends letters to taxpayers on a regular basis.
As a reminder, the Dutch tax return must be filed with the Belastingdienst for each year in which a corporation has activated in the Netherlands. Fortunately, filing the tax return is electronically enabled for corporations, as a matter of fact, the single way of filing tax return to what concerns companies. Also, both private and public limited corporations need to register their tax return.
Article Source: http://www.articlesbase.com/investing-articles/dutch-taxes-at-the-level-of-corporate-investment-explained-90363.html
About the Author
Even if Dutch taxes legislation, the same as any other legislation, can be a bit confusing, the belasting (tax) regulations will function properly where an expert's piece of advice is solicited.
Can somebody please explain how,with a record like this, GWB got to become President?
RESUME OF GEORGE W. BUSH
1600 Pennsylvania Avenue
Washington , DC 20520
EDUCATION AND EXPERIENCE:
LAW ENFORCEMENT
I was arrested in Kennebunkport, Maine, in 1976 for driving under
the influence of alcohol. I pled guilty, paid a fine, and had my
driver’s license suspended for 30 days. My Texas driving record has been “lost” and is not available.
MILITARY
I joined the Texas Air National Guard and went AWOL. I refused to
take a drug test or answer any questions about my drug use. By
joining the Texas Air National Guard, I was able to avoid combat duty in Vietnam.
COLLEGE
I graduated from Yale University with a low C average.
I was a cheerleader.
PAST WORK EXPERIENCE
I ran for U.S. Congress and lost.
I began my career in the oil business in Midland, Texas, in 1975.
I bought an oil company, but couldn’t find any oil in Texas . The
company went bankrupt shortly after I sold all my stock.
I bought the Texas Rangers baseball team in a sweetheart deal that took land using taxpayer money.
With the help of my father and our friends in the oil industry,
including Enron CEO Ken Lay, I was elected governor of Texas.
ACCOMPLISHMENTS AS GOVERNOR OF TEXAS
I changed Texas pollution laws to favor power and oil companies,
making Texas the most polluted state in the Union.
During my tenure, Houston replaced Los Angeles as the most
smog-ridden city in America.
I cut taxes and bankrupted the Texas treasury to the tune of billions in borrowed money.
I set the record for the most executions by any governor in
American history.
With the help of my brother, the governor of Florida, and my
father’s appointments to the Supreme Court, I became President after losing by over 500,000 votes.
ACCOMPLISHMENTS AS PRESIDENT
I am the first President in U.S. history to enter office with a
criminal record.
I invaded and occupied two countries at a continuing cost of over
one billion dollars per week.
I spent the U.S. surplus and effectively bankrupted the U.S.
Treasury. I shattered the record for the largest annual deficit in
U.S. history.
I set an economic record for most private bankruptcies filed in
any 12-month period.
I set the all-time record for most foreclosures in a 12-month period.
I set the all-time record for the biggest drop in the history of
the US stock market.
In my first year in office, over 2 million Americans lost their
jobs and that trend continues every month.
I’m proud that the members of my cabinet are the richest of any
administration in U.S. history. My “poorest millionaire,” Condoleeza
Rice, had a Chevron oil tanker named after her.
I set the record for most campaign fund-raising trips by a U.S.
President. I am the all-time U.S. and world record-holder for
receiving the most corporate campaign donations.
My largest lifetime campaign contributor, and one of my best
friends, Kenneth Lay, presided over the largest corporate bankruptcy fraud in U.S. History, Enron.
My political party used Enron private jets and corporate attorneys
to assure my success with the U.S. Supreme Court during my election decision.
I have protected my friends at Enron and Halliburton against
investigation or prosecution.
More time and money was spent investigating the Monica Lewinsky affair than has been spent investigating one of the biggest corporate rip-offs in history.
I presided over the biggest energy crisis in U.S. history and
refused to intervene when corruption involving the oil industry was revealed.
I presided over the highest gasoline prices in U.S. history.
I changed the U.S. policy to allow convicted criminals to be awarded
government contracts.
I appointed more convicted criminals to administration than any
President in U.S. history.
I created the Ministry of Homeland Security, the largest
bureaucracy in the history of the United States government.
I’ve broken more international treaties than any President in U.S. history.
I am the first President in U.S. history to have the United Nations
remove the U.S. from the Human Rights Commission.
I withdrew the U.S. from the World Court of Law.
I refused to allow inspectors access to U.S. “prisoners of war”
detainees and thereby have refused to abide by the Geneva Convention.
I am the first President in history to refuse United Nations
election inspectors (during the 2002 U.S. election).
I set the record for fewest numbers of press conferences of any
President since the advent of television.
I set the all-time record for most days on vacation in any one-year period.
After taking off the entire month of August, I presided over the
worst security failure in U.S. history.
I garnered the most sympathy for the U.S. after the World Trade
Center attacks and less than a year later made the U.S.the most hated country in the world, the largest failure of diplomacy in world history.
I have set the all-time record for most people worldwide to simultaneously protest me in public venues (15 million people), shattering the record for protests against any person in the history of mankind.
I am the first President in U.S. history to order an unprovoked,
pre-emptive attack and the military occupation of a sovereign nation. I did so against the will of the United Nations, the majority of U.S. citizens, and the world community.
I have cut health care benefits for war veterans and support a cut
in duty benefits for active duty troops and their families-in-wartime.
In my State of the Union Address, I lied about our reasons for
attacking Iraq and then blamed the lies on our British friends.
I am the first President in history to have a majority of Europeans
(71%) view my presidency as the biggest threat to world peace and security.
I am supporting development of a nuclear “Tactical Bunker Buster,” a WMD.
I have so far failed to fulfill my pledge to bring Osama Bin Laden to justice.
RECORDS AND REFERENCES
All records of my tenure as governor of Texas are now in my
father’s library, sealed and unavailable for public view.
All records of SEC investigations into my insider trading and my
bankrupt companies are sealed in secrecy and unavailable for public view.
All records or minutes from meetings that I, or my Vice-President,
attended regarding public energy policy are sealed in secrecy and
unavailable for public review.
How should I explain a bankruptcy to a potential employer?
I interviewed for a job as an Operation Manager (which would involve budgeting) and they are doing a background check that includes credit rating. I am in the middle of filing for bankruptcy.
I lost one job at the end of 2006 and what unemployed for 6 months. That burnt up all our savings and the job I did take didn’t pay enough to really save again. 8 months after taking that job, I was let go because someone under my supervision made a mistake and I took the hit from the corporate offices. That along with major medical expenses from my wife needing an emergency operation made this the best option for us. How do I address this if it comes up on a second interview?
Can you add an American Express to your bankruptcy?
I had to resign a position because of health and am having to file Ch.7 bankruptcy. My AMEX is a Corporate card, even though I am responsible for it and it was obtained based upon my credit. Could anyone who knows explain to me know if this can be included in the bankruptcy?
Much Thanks.
Is this how the financial meltdown happened?
The financial crisis explained in simple terms so that even I understand it:
Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around and as a result increasing numbers of customers flood Into Heidi’s bar.
Taking advantage of her customers’ freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages. Her sales volume increases massively.
A young and dynamic customer service consultant at the local bank Recognizes these customer debts as valuable future assets and increases Heidi’s borrowing limit. He sees no reason for undue concern since he has the debts of the alcoholics as collateral.
At the bank’s corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These securities are then traded on markets worldwide. No one really understands what these abbreviations mean and how the securities are guaranteed. Nevertheless, as their prices continuously climb, the securities become top-selling items.
One day, although the prices are still climbing, a risk manager (subsequently of course fired due his negativity) of the bank decides that slowly the time has come to demand payment of the debts incurred by the drinkers at Heidi’s bar.
However they cannot pay back the debts.
Heidi cannot fulfill her loan obligations and claims bankruptcy.
DRINKBOND and ALKBOND drop in price by 95 %. PUKEBOND performs better, stabilizing in price after dropping by 80 %.
The suppliers of Heidi’s bar, having granted her generous payment due dates and having invested in the securities are faced with a new situation. Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor. The bank is saved by the Government following dramatic round-the-clock consultations by leaders from the governing political parties.
The funds required for this purpose are obtained by a tax levied on the non-drinkers.
Finally an explanation I understand!
Help!! My mom is completely broke and going bankrupt and I’m starting college in the fall and I have no money!?
What do I do??
Okay, so my parents are divorced and I was raised by my single mother who is a doctor, but we recently fell on really really tough times. My mom went out of business in february and is declaring corporate bankruptcy. She has absolutely no money whatsoever left in her bank account–not a penny. She has a small amount of cash to get by on for the next few months until everything gets sorted out, but that’s it. She can’t get a job right now because she has a ton of financial and legal issues to deal with and she has to do it all entirely on her own. Because of this, she is constantly stressed and very fragile mentally and there have been many times when she’s been on the verge of a mental breakdown. And my dad lives in New Jersey with his rich parents (who won’t give us a dime) and has no money and no job
But now I’m going to college in the fall and I need money desperately. Not only that, but I just found out today that the money for my dorm at college is due in about two weeks. I’m trying really hard to get a job, and I think I’ll get one soon, but I can only work during the summer and I’ll only be able to save up a small amount for college. We’ve been working with financial aid at the college I’m going to (The Fashion Institute of Technology), but it’s not going well. Because of the mess that my mom’s in, both financially and mentally, she’s having a really tough time getting all the documents they need. She’s been working on the financial aid stuff since February and it’s still not done. She keeps saying to wait until that’s done before looking at other options for getting money, but I only have about three months left and now I’m really getting scared.
So what can I do? Should I call financial aid myself and explain my situation and ask them what I can do? And how can I get student loans? And when should I get a loan? Any advice you can give me would be greatly appreciated! I’m desperate and really scared! Help please!!
I’ve applied for scholarships too, but I haven’t heard back about any of them, so I have no idea if I’ll be getting any money that way…
Yes. As a matter of fact, you BETTER make sure IT is on your bankruptcy, since you are personally responsible. The fact that it is a Corp card, it is really your card.
Don’t let anyone talk you out of it.
and the truth shall set you free.
prepare a statement regarding the events leading up to and what took place.
its a nice story but i think the real reason we are in this mess is the people in Washington being very irresponsible with the choices they made on both sides of the aisle and we need more regulations to fix the mess
Keep lookin for a job ! You should pay for your own school. Mabey you should put off going to school for a year and help your mom get back onto her feet.
Don’t blame me, I voted for Ralph Nader. I’ve been begging my representatives to Impeach this blistering SSI-case since the day AFTER his first “election.”
I’m dumbfounded only in that there are still people who support Doofus. Unreal.
We need to get our National Guard troops back to our own affairs and protecting our national borders, not Iraq.