The Dutch House of Representatives on last week 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, but not only to income that has actually been received, but also to the annual increase in value of assets like stocks, bonds, and cryptocurrencies, even when those assets have not been sold. This will be 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, this illustrates the crisis facing Europe not only that they need money, but that such a drastic disparity between the EU states promotes migration within the EU if not the flight from the EU. With taxation like this, aside from war, this will transform the Sell America Trade to Migrate to America Trade.
So a wave of inflation comes and your house has risen in value, they will have some independent appraiser determined the value of your house and you will have to pay 36% in cash on that increased value. How do you pay such a tax if you do not have the cash? You will then be compelled to sell your house to pay the tax?
And you wonder why the Computer is forecasting the end of Republics by 2032? They pass more and more socialist policies to bribe people to vote for them always targeting those who actually produce like the Democrats vowing to stop Voter ID so illegal aliens can vote for them when you cannot get on a plane or drive a car without ID, but you can vote for a Democrat no matter where you are from. What’s next? They send absentee ballots to the Dutch Parliament asking for help?