Labour backs 60% top tax rate

The Labour party (PvdA) is to pressure ministers to bring in a new top tax rate of 60%, the Telegraaf reports on Friday.

The paper says the new tax rate would apply to income over €181,000 – the prime minister’s salary and official maximum for public sector pay.
Labour finance experts say the move would go a considerable way to filling the large hole in the government’s finances which have been depleted by the cost of the recession.
At the budget presentation later this month, ministers are expected to announce savings of between €35bn and €40bn from 2015 to keep the budget deficit under control.
The top tax rate inthe Netherlands is currently 52%. The 60% rate was scrapped eight years ago.

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