The Netherlands – Planning a 20-Percent Cap Bankers’ Bonuses

The Netherlands – Planning a 20-Percent Cap Banke...

KPMG Meijburg & Co. in the Netherlands reports that on November 26, 2013, Dutch Finance Minister Dijsselbloem published a consultation version of proposed legislation against excessive bankers’ bonuses. The government’s legislative proposal entails a bankers’ bonus cap of 20 percent of the employee’s annual salary.

Related content

The ‘CRD IV’ package that proposes amendments to the European Union’s (EU) rules on capital requirements, country-by-country reporting of tax payments by certain EU financial institutions, and limitation of bankers’ bonuses, was approved by the Economic and Financial Affairs (ECOFIN) Council of the EU on June 20, 2013. 

Download PDF of Flash International Executive Alert

Connect with us


Request for proposal



KPMG's new digital platform

KPMG's new digital platform