Firms face tax penalties over pensions

Firms face tax penalties over pensions


The Dutch tax office could be hitting around 40 percent of companies with fines of up to 600,000 Euro for not making changes to their pension agreements, reported ipe.com Thursday before last.
Jeroen de Munnik, director of pensions at insurer Aegon Netherlands, said most would receive a penalty during 2006. According to Aegon research, most companies have not yet been able to implement changes to their arrangements. The tax office has indicated that companies will need to pay 52 percent over al...


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