Netherlands in TIME magazine

Articles on Holland (Nederland) in TIME (1923 – )

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Get Rich Quick!

806

In the NL. recipients have to pay income tax on stock options as soon as they are bestowed. But intense competition from option-rich firms abroad are starting to change that climate.

To Juan Villalonga, the arrangement must have seemed fair enough. Shortly after taking over as head of the Spanish telecommunications firm Telefonica in February 1997, he awarded the company’s 100 top executives–including himself–a bushel of potentially lucrative stock options that could be cashed out after three years. With…

A Torrent of Dirty Dollars

3980

The Netherlands Antilles, with cash flowing steadily from banking centers in Amsterdam and Rotterdam, is a favorite financial center for investors seeking a low profile.

In Willemstad, the sunny Caribbean capital of the Netherlands Antilles, a banker ushers an American visitor through a hotel casino and into a dining room overlooking the harbor. During refreshments, the prospective customer says he expects a six-figure cash windfall soon and would like to bring the money “quietly” into…

The Unhappy Taxpayer

411

Dutchman Fredericus Witte had to pay less taxes than his own calculations. Sure of his own figures, the tax collector, he fumed, had made a mistake. Wanting to pay more he went to court.

Fredericus U J.H. Witte is a Dutchman bothered by taxes. When he sees a jet fighter plane overhead he thinks to himself: “During my whole lifetime I won’t earn half of what that plane costs.” On the bitter morning in February 1957 when The Netherlands’ bureaucracy finally produced his 1955…

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