Great Tit: cursed aloud to bonuses Booking.com

The bonus benefit for the top of the Booking.com travel platform has also caused great annoyance to the demissionary minister of Great Tit. โ€œWhen I heard the news, I cursed in my mouth, and yes, outside of the mouth, a little.โ€

Great tit responded in the Chamber debate on the corona aid packages to the demand of the Dutch House that the company should pay back the million-dollar bonuses. Booking received 65 million in corona support.

โ€œ Thousands of redundancies have been made worldwide and the company has shown a huge drop in profits,โ€ said Great Tit. โ€œAfter a year like this, I don‘t think this can be reconcile with each other.โ€

But legally there is nothing to be done, he repeated. The requirement that no bonuses may be paid by companies that have received corona aid was not yet applicable in the first applications.

However, Great Tit talks with the business community about the โ€œmoral lookโ€ it has to receive support from taxpayers’ money and then give bonuses. โ€œLet us not forget that there are also companies that voluntarily repay part of their aid because they had estimated it too gloomy,โ€ said Great Tit.

Solidarity levy

In the debate, a majority of the parties approved the extension of the corona aid package from 1 July this year. The extension shall apply for the third quarter, until 1 October.

However, a majority of the Chamber asks the Cabinet for two additional measures. The CDA wants a ‘solidarity tax’, an additional tax for companies that have made extra profits during the coronaccrisis. Government parties D66 and ChristianUnion and various opposition parties also want the Cabinet to examine this possibility.

And several parties want companies to have the opportunity to apply for a deferral of tax payments until October 1. Now that possibility expires on 1 July. Companies have five years to pay after the application from October 2022.

Minister Hoekstra, however, does not consider it necessary to open up the scheme any longer, because economic expectations are good. There are still some EUR 16 billion in tax debts. The Cabinet expects that these will be paid for the most part in the coming years.

Undesirable effects

The Cabinet has looked closely at the advice of the Central Planning Bureau and several economists, said demissionary Minister Bloc of Economic Affairs.

They advise to disassemble the corona support as soon as possible as there are eases. The aid also has undesirable effects, they say, because it also goes to companies that did badly without the coronacrisis.

โ€œ It is an inevitable price that you pay, that you also keep companies alive that had otherwise fallen down,โ€ Blok said about that. The alternative is that the government should assess what is needed per company, and that would take too long for many companies, the minister said.

Bloc and Great Tit do not want to prejudge possible aid measures after 1 October. For the fourth quarter, all the possibilities for the cabinet are open again. A decision on this depends entirely on the state of the epidemic and the economy, the ministers say.