I was used to get about 50% on my net salary from each indexation
Just made a simulation with the one triggered in feb and the one to be paid in april (where we will lose the energy tax credit) and now I will get about 30% in my net salary.
Having no revision of the withholding tax tables is certainly taking a toll
I know this is crazy , but how about instead of the current index we reform it :
– index is applied thru the tax system
– companies pay the index as normal for salaries up to the median
– the rest is allocated by the tax office regressively in a manner similar to how the energy tax credit worked
This way : a) no taxpayer funds are used , b) nobody is deprived of the index and c) the ones needing it the most get it
For the ones thinking that the managing partner of KPMG with the valuable degree from University of Lorraine will leave Luxembourg : so be it. Remember , if the guy is valuable to his company nothing prevents said company from giving him a raise .
Yhawn, yet another piece of propaganda.
When companies drown in profits, there is always space to increase salaries without causing inflation. It-is-that-simple.
5 comments
As expected
Goodbye raise..
I was used to get about 50% on my net salary from each indexation
Just made a simulation with the one triggered in feb and the one to be paid in april (where we will lose the energy tax credit) and now I will get about 30% in my net salary.
Having no revision of the withholding tax tables is certainly taking a toll
I know this is crazy , but how about instead of the current index we reform it :
– index is applied thru the tax system
– companies pay the index as normal for salaries up to the median
– the rest is allocated by the tax office regressively in a manner similar to how the energy tax credit worked
This way : a) no taxpayer funds are used , b) nobody is deprived of the index and c) the ones needing it the most get it
For the ones thinking that the managing partner of KPMG with the valuable degree from University of Lorraine will leave Luxembourg : so be it. Remember , if the guy is valuable to his company nothing prevents said company from giving him a raise .
Yhawn, yet another piece of propaganda.
When companies drown in profits, there is always space to increase salaries without causing inflation. It-is-that-simple.