CDA wants extra tax on extra bonuses

Senior managers should pay 20% tax on any extra bonuses and payouts they get on top of the basic golden handshake when leaving a company, say Christian Democrat (CDA) MPs.

The CDA plans to raise the issue with finance minister Wouter Bos (Labour) during Tuesday’s debate on the government’s spending plans.
The cabinet wants to reform the redundancy law to limit golden handshakes to a maximum of one year’s salary or €100,000 for older staff.
But extra payouts for board-level staff, such as pension top-ups and options, should be taxed, the CDA says.
Labour MPs, who are opposed to some aspects of the redundancy law reforms, say they back CDA’s 20% tax plan.

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