Governmental parties VVD, CDA, D66 and ChristenUnie struggle with the question of who will pay the bill for the failure of the savings tax. D66 wants wealthy Dutch people, not all citizens, to pay more tax to pay the compensation. But the VVD in particular does not want to know about it yet.
The cabinet may have to pay enormous compensation, now that the savings tax has been placed with the bulky waste. The high Council namely judged that the way in which the government has taxed the wealth of savers and investors in box 3 has been rattling since 2017. Savers, for example, were taxed too heavily, due to the calculation method of the cabinet. More than 60,000 victims went to court and were proved right.
Roughly at least another million Dutch people are potentially at a disadvantage, so State Secretary Marnix van Rij (Fiscality) is currently ‘puzzling’ on who should be reimbursed and how much. This is potentially a problem of 20 billion, because more than 4 billion is collected annually with taxes in box 3.
Van Rij is largely deferring the problem to the spring so that he has time to come up with a solution, but it is clear to part of the House of Representatives where he should look for the money for compensation: with wealthy Dutch people themselves. For example with those who have achieved high returns. On balance, citizens with savings or shares will therefore compensate the damage of those same citizens with property.
Both coalition parties (D66, ChristenUnie) and opposition parties (PvdA, GroenLinks, SP) want the impending ‘gap’ in the government budget not to lead to cuts in climate plans or education investments, for example.
Too early
Romke de Jong (D66): ,,It is logical that we will also close this gap where it originated. People have also benefited through investments. We also have to look for the solution in that corner.”
Nevertheless, the VVD, for example, thinks it is ‘too early’ to see where the bill will end up. The party leaves it to the cabinet. The CDA is also reluctant. Inge van Dijk (CDA) first wants to see the ‘calculations’. She fears that savers with just over a ton of savings in the bank will also be hit hard.
ChristenUnie MP Pieter Grinwis does tend to tax wealthy Dutch people more heavily, but said he does not want to make any promises. “It should be possible. Nor are we going to compensate Groningen residents by pumping up more gas. So we have to be careful with what we promise.”
Van Rij himself will speak later this evening.
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