European Commissioner Wopke Hoekstra’s draft European taxation proposal is projected to cost the Dutch national treasury an estimated €8 billion per year once it is fully phased in by 2037. The proposal aims to make cross-border investments within the European Union much cheaper and easier. However, analysis by Leiden University tax law professors Jan van de Streek and Jan Vleggeert reveals that the plan will inadvertently strip the Netherlands of several major revenue streams.

European Commissioner Wopke Hoekstra’s draft European taxation proposal is projected to cost the Dutch national treasury an estimated €8 billion per year once it is fully phased in by 2037. The proposal aims to make cross-border investments within the European Union much cheaper and easier. However, analysis by Leiden University tax law professors Jan van de Streek and Jan Vleggeert reveals that the plan will inadvertently strip the Netherlands of several major revenue streams.