Social entrepreneurs and governments speak different languages. However, understanding each other is essential to achieve quality of life through the businesses we start, grow and scale.
This year’s OECD Ministerial Council Meeting, which we are honoured to chair, will address the issue of investment. The timing could not be better. Growth prospects have improved, but there is still a lot of work to be done. Investment has been hit especially hard since the crisis started and has yet to recover. At the same time, the need for investment has never been greater, since we are facing serious challenges on issues like climate, infrastructure, water, the digital economy and human capital. Luckily, the circumstances are quite favourable to investment. We need a common effort from all players, public and private, to unlock investment for sustainable growth and jobs. The OECD Forum, which precedes the ministerial meeting, provides a perfect opportunity to initiate this approach.
Since 1997 the Netherlands has had a tax allowance scheme aimed at promoting investments in energy-saving technologies and sustainable energy production. This so-called Energy Investment Tax Allowance, or EIA to the Dutch, reduces up-front investment costs for firms investing in the newest energy-saving and sustainable energy technologies. The basic design of the EIA has remained the same over the past 15 years: firms investing in technologies listed in an annually updated “energy list” may deduct some of the investment costs from their taxable profits.
Netherlands Snapshot 2013
Find key economic figures and trends for Netherlands from OECD Yearbook 2013
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