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NO TAX ON GREEN FUNDS
1 February 1995
From January 1, investors putting their money in "green funds" in the Netherlands will not have to pay tax on any profit or dividend. The new regulation has led to feverish activity among various fund administrators to make sure that their fund qualifies for the tax break. Among them is Windfonds, set up at the end of 1993 (Windpower Monthly, January 1994). As well as wind power, several other activities qualify as green investment, including the ecological food industry. With some alterations to its structure, the Windfonds, now standing at NLG 9.5 million, can become a green fund, says Peter Blom from Triodos bank. Blom has also applied for a license from the Dutch Central Bank, another condition for qualification as a 'green fund'. Income from direct investment in a wind plant, through a loan or the membership of a co-operative, will not be exempt from tax.
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