Minister opposes extra tax on banking bonuses

MPs and junior finance minister Frans Weeker are at odds over calls for a tougher tax regime for excessive bonuses for bank executives, Trouw reports on Thursday.

A majority of MPs support a motion from the Christian Democrats which would introduce higher taxes on bonuses of more than 25% of annual salary. But Weekers wants to confine the extra 5% tax rate to performance-related bonuses which are more than 100% of the banker’s annual salary.
CDA parliamentarian Pieter Omtzigt is not willing to withdraw his proposal and says Weekers’ plan is pure symbolism. This is because it implies a bonus of 99% of annual salary is acceptable, Omtzigt said.

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