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Retroactive Tax on Executive Pay Annulled

Ljubljana, 17 December - The Constitutional Court has annulled a 2009 law that imposed an extra 49% crisis tax on executive pay at companies benefiting from state aid, in the part imposing the tax retroactively. The law slapped the tax on a EUR 1m bonus paid to NLB chairman Marjan Kramar upon retirement from office in February 2009.

Ljubljana
The Constitutional Court declares its ruling on the fiscal consolidation act, a law imposing extra crisis tax on executive pay.
Photo: Daniel Novakovič/STA

Ljubljana
Finance Ministry State Secretary Mateja Vraničar comments on the Constitutional Court's ruling on a law imposing extra crisis tax on executive pay.
Photo: Daniel Novakovič/STA

Ljubljana
Finance Ministry State Secretary Mateja Vraničar accepts the Constitutional Court's ruling on a law imposing extra crisis tax on executive pay.
Photo: Daniel Novakovič/STA

Ljubljana
The Constitutional Court declares its ruling on a law imposing extra crisis tax on executive pay.
Photo: Daniel Novakovič/STA

Ljubljana
The Constitutional Court.
Photo: Daniel Novakovič/STA

Ljubljana
The Constitutional Court declares its ruling on a law imposing extra crisis tax on executive pay.
Photo: Daniel Novakovič/STA

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© STA, 2013