Banks criticize additional capital requirements because they can be detrimental to GDP growth due to higher cost of credit. This vision contradicts a fundamental proposition of financial theory. To a more balanced (complexity) view of Basel III.
In the public debate on tax evasion and the role of the Netherlands, the Dutch cabinet now publicly supports multilateral initiatives on tax and development and is considering renegotiating tax treaties with developing countries.
The Netherlands is required to introduce the golden rule – a balanced budget rule – in national law. In a recently tabled bill the Dutch government will comply with this European obligation. However, some critical remarks can be made about this new bill.