A Prime Minister with a plan
Not 'our' one, naturally:
"Dutch Prime Minister Jan Peter Balkenende and Minister of Social Affairs and Employment Piet Hein Donner favour a proposal to introduce a flat rate tax in the Netherlands".
Nice one chaps. On the downside, the prospective rate is pretty eye-watering - *37%*.
"Dutch Prime Minister Jan Peter Balkenende and Minister of Social Affairs and Employment Piet Hein Donner favour a proposal to introduce a flat rate tax in the Netherlands".
Nice one chaps. On the downside, the prospective rate is pretty eye-watering - *37%*.
Labels: Netherlands, Taxes
This entry was posted
on Tuesday, November 25, 2008 at 10:09 am.
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I'd take a 37% flat tax if that was it: no council tax, no VAT, no NI, no duties or levies ...
As it stands, pretty much everyone in this country pays more than 37% tax already.
Spot on, Obnoxio. From 2011 basic rate tax payers will pay:
- 20% Income Tax
- 11.5% NI
- 2% (roughly) of income on council tax (e.g. £1,000 Council tax for someone with income of £20,000)
That's around 33.5% already, and if you are a higher rate taxpayer on 40% Income Tax to begin with it gets worse...
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