Front Matter

Front Matter Page

IMF Country Report No. 17/78

KINGDOM OF THE NETHERLANDS—NETHERLANDS

SELECTED ISSUES

April 2017

This paper on the Kingdom of the Netherlands—Netherlands was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on March 16, 2017.

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Front Matter Page

KINGDOM OF THE NETHERLANDS—NETHERLANDS

SELECTED ISSUES

March 16, 2017

Approved By

European Department

Prepared by Marc Gerard, Tryggvi Gudmundsson and Jean-Marc Natal

Contents

  • THE SURPLUS-3: ARE THERE COMMON DRIVERS TO EUROPE’S LARGEST CURRENT ACCOUNT SURPLUSES?

  • A. Introduction

  • B. Context

  • C. A Simple Macroeconomic Framework

  • D. The Netherlands: Supportive Foreign Demand and Investment, Domestic Demand Compression

  • E. Germany: Competitiveness Gains, Subdued Domestic Demand

  • F. Switzerland: Household Savings

  • G. Conclusions

  • References

  • BOX

  • 1. Features of The International Corporate Taxation Regime in The Netherlands

  • FIGURES

  • 1. Netherlands: Current Account, Saving, and Investment by Sector

  • 2. Germany: Current Account, Saving, and Investment by Sector

  • 3. Switzerland: Current Account, Saving, and Investment by Sector

  • TABLE

  • 1. Output, REER and CA Theoretical Correlation Patterns

  • ANNEX

  • I. Competitiveness, External and Internal Balances,1999–2007

  • TAX REFORM IN THE NETHERLANDS: SHIFTING THE BURDEN

  • A. Introduction

  • B. Context

  • C. Why GIMF?

  • D. GIMF’s Implicit Tax Multipliers

  • E. Growth Friendly Budget Neutral Tax Reforms

  • F. Conclusion

  • References

  • FIGURES

  • 1. Growth Friendly Fiscal Packages (FLSE = 0.5)

  • 2. Growth Friendly Fiscal Packages (FLSE = 0.2)

  • TABLE

  • 1. Structure of Taxation in the Netherlands, European Comparison

Kingdom of the Netherlands-Netherlands: Selected Issues
Author: International Monetary Fund. European Dept.