09/20/2017

Dutch Tax Changes Set Up 120 Percent Penalty on Undeclared Assets

Under the new scheme, which will take effect Jan. 1, 2018, taxpayers who declare hidden assets would have to pay a fine that can go up to 120 percent of the sum of the undeclared assets, even if they notify tax officials they have submitted incorrect tax

09/12/2017

Abusive tax schemes face bigger penalties

The second finance bill also contains changes to prevent individuals from using artificial schemes to avoid paying the tax they owe on their earnings.