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NetherlandsOfficial Name: Kingdom of The Netherlands
General Info•Capital: Amsterdam•Population: 16.6 million•Ethnic Make-up: Dutch 83%, Moroccans, Turks, Surinamese, andDutch Caribbean, 17% The Netherlands is also a relatively small country (13,297 square miles [34,425 square Religions kilometers]) 31% 40% Roman Catholic Protestant Muslim 21% Other unaffiliated 3.60% 4.40%
Government and Political StrucureType: Constitutional MonarchyChief of State: Queen BeatrixHead of Government: Prime Minister Mark RutteGovernment main institutions:1. The Monarch2. The Council of Ministers3. The States General (parliament)4. Local governments
The Government Role•Significant role through permit requirements and regulations•Reduce administrative burden on business and shrink the publicsector•Aims to privatize the public transport companies in large cities•Does not play a major role in the nation’s economy.•Takes an active approach to managing the nation’s credit supply ¤cy value.•Active role in managing the nation’s environment
ImportsImports: Machinery, andtransportequipment, chemicals, fuels, foodstuffs Major Import partners 7.6% 4.5% EU 6.7% Germany 9.3% 53.3% Belgium China 17.7% 6.6% U.K. U.S. France
Exports Major export partners EU Germany Belgium China United Kingdom U.S. France 7% 4% 1% 6% 8% 56% 18%Exports: machinery and transport equipment, chemicals, fuels, processedfood & tobacco.
Currency Exchange RatesExchange rates: euros (EUR) per US dollar - 0.6734 (2008 est.), 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004)
The Netherlands is a majorproducer of cut flowers•The Netherlands largely dominatesthis industry; more than 60% of theinternational trade•The Netherlands has a good andfunctional trade system to facilitatethe movement of Cut Flowers whichform a majority of the flowers that aretraded
•Appearance isimportant in Dutchculture•Handshake is commonform of introduction•Punctuality is vital inbusiness & socialsettings•Displays of wealth isdisliked by DutchCulture
Social Problems and Control•Drugs•Prostitution•Discrimination againstreligious minorities andsome immigrant groupsregarding employment
1. Corporation income tax2. Tax Treaties- • reduce the U.S. taxes of residents of foreign countries. • taxed at a reduced rate3. Foreign Account Tax Compliance Act (FATCA) • increase information reporting by foreign financial institutions, non- financial foreign entities, and certain U.S. persons holding financial assets outside the United States.4. Personal Income tax Taxes!!!
More info about the Netherlands…..YouTube: “The Netherlands & The Dutch Culture”http://www.youtube.com/watch?v=1DqMQM5i2Y8&feature=relatedYouTube: “Global Business Tips: The Netherlands”http://www.youtube.com/watch?v=4MMbAzlQS-Y
Thank you for your time By: Victor Harris Bus 245 Global Business Spring 2012