Laundering black money for free may soon be possible through the Tax Authorities. Based on a recent opinion of Advocate General Niessen The Supreme Court is advised to rule that a fictitious return of 4% (Box 3 Income Tax) violates property rights. In other words, money under the mattress that is subsequently declared is wrongly taxed at a fictitious return. Read more in the article by Martin Lambregts published today in NRC-Next.

Money in an old sock is not tax fraud nrc next March 15, 2016