Research by ABN Amro shows that without additional postponement or remission, taxi companies will soon need three years to get rid of the accumulated tax arrears, which will lead to 75% of the profit that is necessary for this. This is virtually impossible for some industries, according to ABN Amro's own research. At the same time, forgiveness is unfair for companies that have paid tax. There is also a risk that the government will keep companies afloat that do not have a future that had already been difficult for corona.
The research shows that caterers, clothing and fashion shops and passenger transport companies, including taxi companies, have a major problem. Passenger transport stands out in the negative sense in the study, with a debt amounting to an average profit of almost two and a half years. This is evident from a report by ABN Amro that was published on Monday.
Tax backlogs accumulated during lockdown are concentrated, according to one publication in NRC, in only a few sectors of Dutch business. As a result, the fiscal debt mountain will only hinder the recovery of the economy as a whole to a limited extent. But it also means that entrepreneurs in some industries have built up payment arrears that they are almost impossible to clear within the set period of three years.
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