Cabinet backs plan to tackle top pay

The cabinet has agreed to adopt several measures to reduce excessive executive pay, junior finance minister Jan Kees de Jager told reporters after the weekly cabinet meeting.

In particular, employers will have to pay a new levy of 30% on golden handshakes of over €500,000.
The cabinet also plans to take steps to stop senior managers taking advantage of tax breaks to boost their pensions. Private equity firms will also be discouraged from going for a quick profit.
A plan to increase taxes on returning emigrants has been dropped, news agency ANP said.

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