US EditionCompanies May Have Overclaimed Covid Wage Support: CPB - DutchNews.nl
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Companies received millions too much wage support in Covid by reporting larger losses
At the start of the coronavirus pandemic, Dutch companies likely received around 740 million euros too much coronavirus support by reporting larger losses than they actually sustained. Employees of the Bureau for Economic Policy Analysis (CPB) reached this conclusion by comparing losses entrepreneurs reported for the NOW-scheme for wage support with their later tax returns and published the results in the economics journal ESB.
Companies may have received hundreds of millions of euros too much corona support shortly after the outbreak of the corona pandemic. This is the conclusion drawn by researchers from the Central Planning Bureau (CPB) in the economics journal ESB. The authors of the article speak of 'strategic' behaviour by entrepreneurs.
At the start of the corona pandemic, companies probably received hundreds of millions of euros too much in corona support. This is the conclusion reached by employees of the Central Planning Bureau (CPB) in an article published on Thursday in the economics journal ESB. They found indications that many entrepreneurs aimed to let their turnover loss fall just above the 20 percent threshold, which meant that they received and were able to retain so…
Almost 40% of recipients of NOW1 support reported a higher loss of turnover than what is apparent from the VAT return.
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