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

Abn Amro (NYSE:ABN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Abn Amro Charts.
Abn Amro (NYSE:ABN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Abn Amro Charts.