RECENT DEVELOPMENTS: NETHERLANDS: THE 2007 TAX OVERHAUL: MAKING THE NETHERLANDS MORE APPEALING

On 24 May 2006, the State Secretary for Finance submitted to the parliament a bill titled Working on Profit. The primary goal of this bill is to put the Netherlands back on the shortlist of jurisdictions that are attractive for the international business world to invest in. "How is this done?", you may ask. The answer to this question is found in a number of profound changes to the tax law, which are described in this article. All amendments are expected to enter into force on 1 January 2007.