News

The lower house of the Dutch parliament has voted this month in favour of a new law that will tax large executive bonuses and severance packages. The measures include:

- A new 30 percent tax on companies for "disproportionate exit bonus payments" to thos earning more than €500,000 a year.

- A new 15 percent tax on companies who contribute to executives in the same salary bracket enjoying excessive pension payouts.

- A raise in the tax on the earnings of private equity and hedge fund managers from 1.2 percent to 25 percent.



UNI Finance welcomes these new measures taken by the Netherlands. UNI Finance has long been calling for a revision on incentive programmes and remuneration policies for executives and invesment bankers as well as for an end to tax breaks for private equity and hedge funds managers. For more information, see UNI Finance Statement on its demands on regulation of financial market.



For more information, see: http://uk.news.yahoo.com/afp/20080928/tbs-netherlands-economy-business-salary-5268574.html