1srelluc
Diamond Member
What people don't realize is with unrealized gains taxes, it structurally requires selling off some of the taxed asset to pay the tax in most economic conditions.
So what happens when their farmers have to sell off a field every year to pay the tax man?
Less food happens and that's a big deal to the Dutch who are the second largest food exporter in the world.
So, you want to be more like the EU huh.....Maybe the Obamas will move to the land of wooden shoes since they like the EU so much.
Starting January 2028, the Netherlands is set to require that residents pay tax on paper profits they have not yet cashed in, pending Senate approval.
The Dutch House of Representatives on Thursday voted to pass the Actual Return in Box 3 Act (Wet werkelijk rendement box 3), a reform that will tax residents at a flat rate of 36% on the actual returns they earn from savings and investments, effective January 1, 2028.
The bill replaces a system that taxed investment income based on assumed returns, a framework the Dutch Supreme Court ruled unconstitutional in a series of decisions beginning in December 2021.
Under the new regime, the tax applies not only to income that has actually been received, such as interest, dividends, and rent, but also to the annual increase in value of assets like stocks, bonds, and cryptocurrencies, even when those assets have not been sold.
If a Dutch resident holds a portfolio of shares that rises by €10,000 over the course of a year, the tax authority will treat that paper gain as taxable income, regardless of whether the investor has sold anything.
www.imidaily.com
So what happens when their farmers have to sell off a field every year to pay the tax man?
Less food happens and that's a big deal to the Dutch who are the second largest food exporter in the world.
So, you want to be more like the EU huh.....Maybe the Obamas will move to the land of wooden shoes since they like the EU so much.
Starting January 2028, the Netherlands is set to require that residents pay tax on paper profits they have not yet cashed in, pending Senate approval.
The Dutch House of Representatives on Thursday voted to pass the Actual Return in Box 3 Act (Wet werkelijk rendement box 3), a reform that will tax residents at a flat rate of 36% on the actual returns they earn from savings and investments, effective January 1, 2028.
The bill replaces a system that taxed investment income based on assumed returns, a framework the Dutch Supreme Court ruled unconstitutional in a series of decisions beginning in December 2021.
Under the new regime, the tax applies not only to income that has actually been received, such as interest, dividends, and rent, but also to the annual increase in value of assets like stocks, bonds, and cryptocurrencies, even when those assets have not been sold.
If a Dutch resident holds a portfolio of shares that rises by €10,000 over the course of a year, the tax authority will treat that paper gain as taxable income, regardless of whether the investor has sold anything.
Dutch Lawmakers Approve a 36% Tax on Unrealized Crypto, Stock, and Bond Gains - IMI Daily
Starting January 2028, the Netherlands is set to require that residents pay tax on paper profits they have not yet cashed in, pending Senate approval.
www.imidaily.com
