In the National Review, Veronique de Rugy argues that many European countries are relying too heavily on tax increases rather than spending cuts to rein in their deficits. (This mainly seems to describe Austria, Italy, Belgium, and the Netherlands.)
The spinoff of Sara Lee Corp's international coffee and tea business into a Netherlands-incorporated company will likely help the company's rate too. Dutch companies pay a tax rate of 20 percent. Last year Sara Lee paid an effective tax rate of 31
When taxes are raised even further, the economy begins to contract. A typical example can currently be seen in the Netherlands. The country's economy has not grown in the last three quarters. Pressured by the European Union, austerity policies were
Reduces the alternative minimum tax rate from 3 percent to 2.
Reduces the container tax by half, from 2 cents per container to 1 cent per container. Reduces the truck mileage tax supplemental tax by 20 percent.
Creates a credit against the insurance tax for investment in certified venture capital companies.