Dutch Government Considers Raising Bank Tax - Report
April 05 2012 - 2:22AM
Dow Jones News
The Dutch government is considering to double or triple the
current tax on banks as part of negotiations for further budget
cuts, Dutch financial daily het Financieele Dagblad reports
Thursday, citing sources familiar with the matter.
Currently Dutch banks pay EUR300 million a year in banking
taxes. The tax was created following the 2008 financial crisis,
during which the Dutch government spent billions to support Dutch
banks.
The Dutch minority coalition is discussing EUR9 billion in
savings to get its 2013 budget deficit below the 3% of gross
domestic product, the threshold set by the European Commission.
According to various media the outcome of talks is expected as
early as next week.
Newspaper website: www.fd.nl
- By Robin van Daalen; Dow Jones Newswires; +31 20 571 52 01;
robin.vandaalen@dowjones.com
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