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NETHERLANDS: Gift tax due on Cruyff Soccer Fields

The Netherlands tax authorities have apparently recently decided to request from the Cruyff Foundation payment of gift taxes (at the rate of 8%) on the donations received from the KNVB and the team players of the National Soccer Team. The Cruyff Foudnation has used these funds to offer soccer fields to socially less developed areas in Netherlands cities. Cruijff has publicly taken position against this levy, and has announced that the levy of gift taxes will have as a consequence that three fields less will be offered.

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