A bold new EU tax plan proposed by Commissioner Wopke Hoekstra threatens to slash the Netherlands’ annual tax revenue by up to eight billion euros by 2037, as it eliminates dividend taxes on even small cross-border investments and expands corporate interest deductions. Dutch tax experts warn this could fuel a wave of asset shifting into private companies to dodge wealth taxes, while Hoekstra insists the move will boost EU-wide economic growth despite short-term pain.

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