1 April 2012

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

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