The minimum wage will increase by an additional 1.2 percent next year, instead of the 1.7 percent proposed by a parliamentary majority. The parties that proposed the increase earlier this month have had to adjust their ambitions in the field of purchasing power because the tax measures with which they wanted to pay for these extras do not yield enough.
In addition to the less significant increase in the minimum wage and the associated benefits, the parties have chosen to remove an expansion of the child-related budget from the plans. However, more than half a billion euros will go to an additional increase in childcare allowance. The new plan was submitted by PvdA-GroenLinks, ChristenUnie and D66.
In particular, the plan to tax the purchase of own shares is less lucrative than the parties, led by GroenLinks and PvdA, had hoped. They had this measure on the books for 1.2 billion euros, but the actual proceeds are uncertain and are probably around 800 million euros.
The parties also wanted to raise an additional 350 million euros through the bank tax. But after receiving negative advice from the outgoing cabinet, they realize that the increase is too much. “We have set that amount at 150 million,” said D66 MP Steven van Weyenberg.
Source: ANP
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