The introduction of a tax on share buybacks cannot be introduced until 2025. This became clear on Wednesday during the general financial consideration in the House of Representatives.
Furthermore, the bank tax will not be increased by 350 million but by 150 million euros.
Two weeks ago, bank share prices fell sharply after the House of Representatives’ plans to increase bank taxes and tax the purchase of own shares. “An idiotic reaction to the stock market and really irrational,” said Tom van der Lee of GroenLinks. But he says he is “not deterred” by the price drop.
“The tax on the purchase of own shares is levied when dividends are paid out. This equalization really does not cause problems for banks, also considering their enormous profit figures,” said Van der Lee.
The Senate also has to pronounce on the plans. And whether there is sufficient support remains to be seen.
Caroline van der Plas of BBB said on Wednesday: “To be honest, we are a bit fed up with the fact that a culture is emerging here in the Netherlands in which banks and companies are big, mean grabbing cowboys who have absolutely nothing to do with anyone in the Netherlands and who only care about themselves. want to fill their pockets. We are working very hard to quickly drive our manufacturing industry and our business community out of the Netherlands. And that will have major economic consequences, also for the people at home, because they will then lose their jobs. we have a little tobacco from it.”
BBB is currently the largest party in the Senate with 16 seats.