Eurozone Exits: Dick Hofland and Wiebe Dijkstra on Dutch Legal and Tax Aspects

April 1, 2012

Even though Greece was recently bailed out for a second time, there is still a realistic possibility that one or more weaker Eurozone Member States will exit the Eurozone. This article addresses the legal and tax aspects of such an exit from Dutch perspective

In a legal context, a key issue is the redenomination risk resulting from the new currency and monetary laws introduced by the exiting state. From a tax perspective, the main issue is if and when currency results on investments or liabilities that will be expressed in the new currency introduced by a Member State upon its exit from the Eurozone may be recognized.


To read the whole article click here.


Source: Derivatives & Financial Instruments (IBFD), volume 14, number 2 – 2012, page 81

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