Emo originated as a music type in the eighties of the 20th century and evolved in the nineties into a fashion and lifestyle of mainly young people. Characteristics of the emo fashion style include dark clothing, often dyed black, straight hair with a lock of hair covering one eye, facial piercings (lips, tongue, eyebrows, ears), dark, worn Converse shoes, a leather belt and wristbands with metal decorations. The emo lifestyle is seen as depressed, sensitive, introverted, shy and cut off from society and alleged to be giving rise to psychiatric disorders such as self-destruction and self-mutilation. In summary, the emo chooses to be ugly, unsociable and therefore unattractive. Following the Rutte III cabinet, Kaag I cabinet is going into "all-out emo mode". After Rutte III had already behaved so unpleasantly towards the most beautiful girls in the class, Unilever and Shell, that they chose those British flash frogs, Kaag I added some black eyeliners, wristbands and piercings to also make the second best option of to alienate the class, the Dutch offshore company (27,000 jobs!). Huh, why? If you read it correctly, Kaag I wants to introduce the strictest CFC form as proposed by the Ter Haar Committee. That means, inclusion in Dutch taxable income of effectively low-taxed income without excluding income from operating activities. In short, Dutch offshore companies will be 25% (corporate tax) worse off than their foreign competitors on income from towage, dredging, land reclamation, lifting and other activities in the Middle East. The logical effects for the Dutch offshore companies are that (i) when corporation tax is passed on in the product price, they price themselves out of the market compared to their competitors (as a result of which current orders are missed) (ii) business equipment and technology deteriorate in quality compared to of the competitors because there is less to reinvest (thereby missing out on future assignments) (iii) they become a simple takeover prey for foreign competitors/(private equity) investors. If you, like Boskalis, have pulled the world economy out of the Suez Canal and you get this as a reaction from those adolescent emos of our new cabinet. In the offshore you never know what the day will bring and you always take your passport with you. I hope for Boskalis, Heerema, Van Oord, Mammoet and IHC, among others, that they will have their passports with them today, because it looks like they will have to move their head office abroPost too long. Click here to view the full text.