Home »Stocks and Bonds » World » Dutch firms make profit by paying too much tax

  • News Desk
  • Nov 8th, 2005
  • Comments Off on Dutch firms make profit by paying too much tax
While most people try to avoid paying taxes as best as they can, some Dutch firms have discovered they can earn more money by doing just the opposite.

Because the Dutch Treasury pays 5 percent interest on any excess amount paid that it returns later - more than commercial banks would offer - some firms gladly accept an estimate that is too high, Dutch Finance Minister Gerrit Zalm complained on his weblog on Monday.

Copyright Reuters, 2005


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