The Ex tax Project. Update DECEMBER 2017

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1 The Ex tax Project Update DECEMBER 2017

2 3 months

3 We have spread the word all across Europe:

4 HR Tech World Amsterdam on The Future of Work (Oct 25, 2017)

5

6 OECD NAEC seminar (New Approaches to Economic Challenges) in Paris (Oct 27, 2017)

7

8 The Forum in Lisbon (high-level side event to the Web Summit, one of the largest tech conferences) (Nov 8, 2017)

9

10 The Ex tax Project is strategic partner to The Forum!

11

12 New Dutch Masters lecture at Permanent Representation of the Netherlands in Geneva, Switzerland (Nov 29, 2017)

13

14 Keynote speech at 'Circular Future in Porto organized by BCSD Portugal (Business Council for Sustainable Development) and ANJE (The Portuguese Association of Young Entrepreneurs) (Nov 28, 2017)

15 Presentation at PGGM (the second largest pension fund in the Netherlands, with over 206 billion under management)

16 Eloy Lindeijer (PGGM Chief Investement Management) PGGM is now Partner of The Ex tax Project!

17 The New Dutch Goverment coalition consists of the following parties: VVD (conservative liberals), CDA (centre-right Christian democrats), D66 (progresive liberals) and ChristenUnie (social Christian party). Their coalition agreement includes concrete policy action towards the tax shift!

18 The new Dutch government coalition agreement includes policy action towards the tax shift [Translated] Tax on labour down - The tax burden is significantly reduced to make (more) work pay (a 6 billion reduction) - The income tax reduction is financed through a reduced VATrate increase from 6% to 9%, green tax reform and tax credits. - Polluting behaviour is priced by introducing a CO2 minimum price in the energy sector, adaptation of energy taxes, a higher tax on waste dumping and incineration and abolishing the tax credit for the purchase of taxis. - Energy tax on natural gas up, toll payment for trucks. - Social security costs for small employers are reduced. - We aim for European agreements on taxing aviation in the planned 2019 negotiations on the Paris climate goals. Also we will explore opportunities to put a levy on noisy and polluting air planes. If both routes do not bring sufficient results, by 2021 an aviation tax will be introduced. The revenues of the green reform will be used to lower the tax burden for the general public and business. VVD, CDA, D66 en ChristenUnie (Oct 10, 2017) Vertrouwen in de Toekomst. Regeerakkoord

19 Ex tax and its principles were mentioned in the following publications:

20 OECD report for the G7 Environment Ministers Environmental Fiscal Reform Progress, Prospects And Pitfalls (June 17, 2017)

21 ABN AMRO Group (one of the 100 largest banks in the world) supports the tax shift in a publication on the circular economy [Translated] Through budget neutral tax shifts, the government can also shift its fiscal incentives towards a more efficient use of natural resources. The current tax system does not always work in favour of circular business models. Tax on labour is relatively high, which makes labour-intensive activities, such as repair, relatively expensive. A lower tax on labour could stimulate these kinds of circular activities, with higher employment as an additional advantage. (...) Governments can speed up the transition to a circular economy even more by taxing resource extraction more and by fiscally stimulating recycled materials. ABN-AMRO has the aspiration for 2020 to have Linanced at least a hundred deals with a total of 1 billion spent on circular company assets. The emission savings will add up to one million tonnes of CO2. In June the bank opened a circular pavillion in Amsterdam's banking district. (Aug, 2017) De circulaire toekomst van Nederland. Prinsjesdagrapport

22 PBL (Dutch Environmental Planning Bureau) refers to Ex tax Dat bij het bereiken van deze beleidsambities veel wordt verwacht van het belastinginstrument [belastingverschuiving] is mede het gevolg van enkele recente studies die suggereren dat hier veel potentie zit (TNO 2013; Ex tax 2014 en 2016). Mede daarom is vanuit de Tweede Kamer de wens geuit om de mogelijkheden in kaart te brengen om het bestaande belastinginstrumentarium van heffingen, subsidies en overige financiële prikkels beter te richten op de transitie naar een circulaire economie.2 Dit onderzoek sluit direct aan op deze wens. Tevens past deze zoektocht uitstekend bij de al genoemde breed levende gedachte om belasting te vereenvoudigen en te verschuiven van arbeid naar consumptie. Het Kabinet-Rutte II zette om die reden expliciet in op een hervorming van het belastingstelsel met als doelstellingen minder complexiteit en meer werkgelegenheid en groei (Tweede Kamer 2014a), terwijl het Regeerakkoord van Rutte III deze wens verder heeft vertaald in een concreet maatregelenpakket. (Nov, 2017) Vollebergh, Fiscale vergroening: belastingverschuiving van arbeid naar grondstoffen, materialen en afval. PBL

23 Ex tax in report by Allen & Overy and Circle Economy Circle Economy (Nov, 2017) Policy levers for a low-carbon circular economy :// _CAMPAIGN_2017_11_15&utm_medium= &utm_term=0_a15b a0006a3d

24 Policy paper on the takeaways of the Raw Materials Conference organized by the Dutch Ministry of Foreign Affairs The Hague Centre for Strategic Studies (HCSS) (2017) Policy Paper: Energy transition and demand for raw materials

25 Ex tax in Huffington Post

26 Ex tax in book Bob Crébas (Founder of Marktplaats, which was acquired by ebay in 2004 for 225 million) Bob Crébas (Oct, 2017) Het land van goed naar beter.

27 We published a Blog on tax & robotization (Nov 1, 2017)

28 Brainwash 2017 publishes our essay: Humanity: a goldmine for growth (Aug 29, 2017)

29 Support for the Ex tax principles is growing steadily:

30 UNCTAD (United Nations Conference on Trade and Development) At a fundamental level, we need to consider shifting tax bases from labor to resources, differentiated treatment for reused, remanufactured and repairable products, and help educate consumers about the bene9its of changing a mentality of product ownership to one of access to services. Isabelle Durant, UNCTAD Deputy Secretary General (Nov 18, 2017)

31 Emmanuel Macron (President of France) supports carbon pricing (Sept 26, 2017)

32 Feike Sijbesma (CEO of Royal DSM) spoke about Ex tax principles on Dutch national television I think it s a good model if we pay less tax on labour and more on the consumption of scarce products. (October 8, 2017)

33 Other news:

34 Femke in the Dutch Sustainable Top 100 (5 th consecutive year) (Oct 10, 2017)

35 Tax shift mentioned on Dutch Radio The Netherlands will only be circular in 2050 when labour gets cheaper and resources more expensive - Jan Jongert (Superused Studios Rotterdam) (Nov 2, 2017)

36 Tax shift mentioned on Dutch Radio by MP Nijboer (socialist party) milieubelastingen steun ik altijd, want we zijn voor vergroening van het belastingstelsel. - Henk Nijboer (PvdA) (Oct 30, 2017)

37 The world is changing, momentum is growing:

38

39 And last but not least:

40 Our new home: Fort t Hemeltje, Houten

41 Stay tuned for more tax goodness!

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