Budget Day 2020: key proposals & measures for multinationals

On 15 September 2020, the Dutch Cabinet published the annual Budget and Tax Plan. This plan includes a combination of new legislative proposals and the legal formalisation of schemes which have already been announced. Against the backdrop of the corona pandemic, the Cabinet is committed to supporting businesses. At the same time, however, there is increasing scrutiny on the taxation of multinational enterprises. In this newsletter, we will provide an overview of the key proposals with relevance to multinational businesses.