Thursday, 8 May 2014 - 13:53
Emergency tax on wealthy legal: judge
According to the court in The Hague, the tax hike on the rich that the Cabinet introduced is not against the law or international treaties. Several employers took to the judge to complain about the hike. These employers had to pay 16 percent extra tax over 2o12 for salaries above €150,000. Football clubs and the KNVB were especially resistant about the measure. The football bond was worried that the hike would make the 36 paid football clubs "disproportionately heavy", the NOS reports. According to fiscal specialists from Ernst & Young, employers are specifically angry about the fact that the measure was enforced retroactively, whereby employers could not prepare themselves for the extra tax. The Cabinet has used the return from the emergency tax, around €628 million, to bring back the budget deficit.