Left-wing & PVV aim to triple taxes on financial sector
Taxes on banks are set to triple in size, adding a billion euro’s to the state treasury. The left wing opposition parties and the PVV agreed upon a new tax reform bill targeting bank proceeds. The current cabinet (CDA& VVD), backed by the financial sector, strongly disagree with the proposed measures. The parliament will vote on the issue on Thursday.
PVV spokesman Roland van Vliet supports the hefty tax raise on banks advocated by left wing opposition: the green left, labour party and the socialist party. In return, the parties agreed upon PVV’s proposition to lower the tax-free mark from €20 to €10 billion, increasing the number of banks affected by the tax from 8 to 13.
Chairman of the Rabobank Group, Piet Moerland, appealed to the government not to sanction a tax raise on banks, finding it socially irreprehensible, as it will “freeze the authorization of credit and loans on the housing market and business”. Moerland argues that the proposed tax raise will “seriously damage the economy and impair economic recovery”.