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Global Tax Gains Momentum With Dutch Minister Seeing Summer Deal

  • Netherlands has long been part of multinational tax reduction
  • Deputy finance minister says tax competition is on the way out

The Netherlands, long considered to be at the heart of a system in which multinational corporations minimize their taxes by shifting profits, has signaled that it’s ready to support a U.S. proposal that ends the practice.

“When the Americans initiate such a proposal and get backing from big countries like Germany and France, it would be surprising if a deal isn’t reached,” Hans Vijlbrief, deputy finance minister in the Dutch caretaker government after last month’s election, said in an interview on Monday. “Tax competition is becoming something of the past.”