Business climate. The Parties agree that the business climate is an essential vector of economic development and, consequently, that the provisions of this Agreement aim at contributing to this common objective. The Parties commit, in accordance with the provisions of the previous article, to constantly xxxxxx the improvement of business climate.
Business climate. We want the Netherlands to be a country where foreign businesses want to establish themselves and which makes it easy for Dutch businesses to trade all over the world. The Netherlands benefits from this, because these businesses bring employment, innovation and strength to our economy. Large numbers of people work for companies that operate internationally and for businesses that act as their suppliers. For many internationally active companies, the Netherlands is an attractive business location. Measures need to be taken to ensure this remains the case in an increasingly globalised world. We will focus on companies that offer real added value rather than on shell companies, which merely have an address in the Netherlands. o We want to put an end to the situation where companies only establish operations in the Netherlands on paper in order to move millions around without paying any tax. We’re going to charge them taxes, just like any other business. At international level, we will work to combat tax xxxxxx. We will set a good example by levying withholding tax on outgoing flows of interest and royalties to low-tax jurisdictions. o We will encourage businesses to use more of their own capital and limit tax advantages for loan capital. This will create more stable companies and healthier economic relations, especially in times of adversity. This applies even more so to banks, which called on the government for substantial assistance during the euro crisis. o We will reduce corporation tax and abolish dividend tax, making it easier for businesses to raise their own capital abroad and making them less vulnerable to hostile takeovers. To finance this, we will limit interest relief and reduce the scope for carrying losses forward or back for corporation tax purposes. We will also limit the tax advantages for expats.
