There is strong political feeling resonating around the world that the banking sector must contribute to the recovery from the global financial crisis. With the introduction of a bank tax in the Netherlands from July 2012, Peter Kavelaars of Deloitte analyses the origins of the tax, its scope and design, and potential problems.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
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