Impressions of the meeting

State Secretary Menno Snel from the Dutch Ministry of Finance and Olaf Scholz Menno Snel, State Secretary for Finance at the Dutch Ministry of Finance and Olaf …
Olaf Scholz and Menno Snel walking through the Ministry of Finance. Olaf Scholz and Menno Snel at the Ministry of Finance.
Menno Snel and Olaf Scholz in discussions Menno Snel and Olaf Scholz
Menno Snel, State Secretary for Finance at the Dutch Ministry of Finance talking to Olaf Scholz Menno Snel, State Secretary for Finance at the Dutch Ministry of Finance
Olaf Scholz listening to Menno Snel. Olaf Scholz, German finance minister

German-Netherlands-Statement

We acknowledge that major milestones have been taken in combatting tax avoidance by agreeing and implementing the OECD- and EU- standards against base erosion and profit shifting (BEPS).

We however also note that there are remaining BEPS challenges. BEPS is still a pressing issue with entities that are subject to no or low taxation.

We recognize that further measures are important to ensure a sufficient level of taxation globally. In this regard, the Netherlands will introduce a conditional withholding tax on payments to low tax jurisdictions.

The Global Base Erosion (GloBE) proposal that is under discussion within the OECD ensures that all internationally operating businesses pay a minimum level of tax and reduces the incentives to allocate returns for tax reasons to low taxed entities.

We are committed to further work out this minimum tax standard, while taking into account undesired risks of double taxation and over-excessive administrative burdens.