Cabinet scraps top pension tax break plan

Plans to limit the tax break on pension premiums for people with high incomes have been dropped by the cabinet, news agency ANP reports on Wednesday. Instead, the tax on golden handshakes and bonuses is to be increased.

The news came during Wednesday’s debate on the finance ministry’s budget for next year.
In addition, an extra tax on homes worth over €1m is to be phased in over a longer period, ANP said.
Both the pension premium and luxury homes tax rises were part of the plans by finance minister Wouter Bos to tackle concerns over executive pay.
But the senior coalition Christian Democrat party is opposed to the pension plan, saying it will make the Netherlands less attractive as a business location and affect too many people.
The finance ministry debate will continue on Thursday.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation