Houthoff News Update Netherlands and EU

 

Houthoff –

Houthoff targets major expansion of its Tax Team

Houthoff’s tax advisory practice is currently undergoing a major expansion. Houthoff welcomed Paulus Merks to the firm on 1 January, as a new partner in the Tax Team. This follows the recent addition of Peter Josten to the practice group. Overall, the Tax Team is expected to have 30 advisers by the end of the year, doubling its current size.

Additional Protection of Trade Secrets to become effective in the EU

As a result of the EU Trade Secrets Directive 2016/943/EU, all EU Member States are required to implement national legislation with respect to the protection of trade secrets on or before 9 June 2018. The Netherlands recently presented a legislative proposal for a Dutch Trade Secrets Act to the Dutch parliament. The Trade Secrets Act provides a framework for protection of certain trade secrets and confidential information, provided that reasonable measures have been taken to keep such information secret.

Launching soon: the Netherlands Commercial Court

The establishment of the Netherlands Commercial Court (‘NCC’) is well under way. It is expected to launch mid 2018 and it will be dedicated to commercial and international disputes.

EC opens in-depth investigation into IKEA’s tax treatment

On 18 December 2017, the European Commission (“EC”) announced that it is to open an in-depth investigation into tax rulings granted by the Netherlands to IKEA in 2006 and 2011. The EC has concerns that the two rulings may have granted Inter IKEA a selective tax advantage, in breach of EU State aid rules.

Did you know that…

New York was the ‘Big Orange” before it was the “Big Apple”? Most people know that New York used to be called New Amsterdam, because the Dutch colonists set foot on this piece of land in 1624 and named it that way. By 1664, New Amsterdam fell into the hands of the British who changed New Amsterdam into New York in honor of the Duke of New York. However, in 1673, the Dutch regained control of New York and the city was then named New Orange, it’s official name for about a year – at which point it was permanently ceded to the British under the Treaty of Westminister and ever since has been called New York.

Compliments of Houthoff – a member of the EACC in New York