Bonus claw-back unworkable, say banks

A parliamentary proposal to tax the bonuses paid to bankers at banks which have received state aid is not feasible and the wrong measure to allay public anger, Dow Jones news service quotes the Dutch banking association as saying.

‘We regret it has been adopted. It is impossible to enfore and it raises the wrong expectations,’ a spokesman told the news service.
On Tuesday, a majority of MPs voted in favour of the measure, despite warnings from finance minister Jan Kees de Jager who said it would be unworkable and result in long legal battles.
It is not yet clear how the minority government will react to the motion.
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