On September 15, 2011, a few days before Budget Day, the Dutch Government published the 2012 Tax Package. The plans presented reflect the Dutch government’s policy for providing a solid and simple tax environment. This is illustrated, for instance, by the abolition of 7 out of 22 federal taxes.
This Newsalert summarizes the most important proposals in the Tax Package for US multinationals and funds. Since both the House of Representatives and the Senate have to approve these plans, significant changes could still occur. Most proposals included in the 2012 Tax Package are set to take effect on January 1, 2012.