galagaarcade| Dutch party agrees to eliminate 15% share repurchase tax

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Gelonghui May 13| According to people familiar with the matter, the four political parties negotiating to form the next Dutch government have agreed to eliminate the 15% share repurchase tax, which will take effect next year. Election winner Wilders andgalagaarcadeThe three right-wing parties he is negotiating with plan to abolish taxes.galagaarcadeThey said they also wanted to change their previous decision to narrow tax breaks for foreigners. The decision triggered a sell-off of shares in ABN Amro and other companies. May 15 is the deadline for submitting details of coalition negotiations to Parliament. Even if the talks fail, the Dutch parliament may still vote before July 5 on whether to cancel the 15 percent share repurchase tax, people familiar with the matter said.