Investors and crypto users warn the proposed unrealized gains tax could drive an exodus of capital and talent.
The Netherlands plans to tax unrealized capital gains on a range of investments, including stocks, bonds and cryptocurrencies, sparking warnings of capital flight.
A majority of lawmakers in the Dutch parliament appear ready to back changes to the country’s Box 3 asset tax regime, which would require investors to pay annual tax on both realized and unrealized gains, even if assets have not been sold, NL Times reported on Tuesday.
The plan follows court rulings that struck down the existing system for relying on assumed, rather than actual, returns. The Tweede Kamer (House of Representatives) debated the proposal again this week, with more than 130 questions put to caretaker State Secretary for Taxation Eugène Heijnen.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
