Netherlands to introduce unrealized capital gains tax of 36% on crypto and stocks
https://peakd.com/hive-121566/@vikisecrets/netherlands-to-introduce-unrealized-capital-gains-tax-of-36percent-on-crypto-and-stocks-hope-this-will-fail-spectacularly
Posted by davideownzall
31 Comments
This is absolutely insane. Someone should stop this bullshit. Guess who doesn’t have to fear this new law? Exactly, rich people.
Proof the dutch smoke too much.
Expect our Dutch frens to be selling soon.
Wild how people in power can have no brain like how would anyone with any intelligence think an UNREALIZED gain tax is a good idea?
I would say Dutch better run fast, because after that I’m pretty sure NL will come up with “leaving tax” to try to lock everything inside.
Does it work both ways do you get to claim unrealized losses?
What the fuck. Just insanely bad policy. Im guessing the policy makers have got big property portfolios
Uh, I lost my keys?
where can I buy puts on the NL economy?
I mean if there would be an allowance of like 10 million euros I’d kinda understand it but also for every small retail investor ? Bullshit…
Prob why prediction markets are so hot right now
On unrealized loss they give you 36%.
And what happens when you sell at lower and lose even your initial investment? I know exactly what happens next: A LOT of people with many assets will exit the Netherlands
Can somebody come up with a positive explanation for this please?
This is how you get hardware wallets and zero tax :/
As long as they have unrealized capital loss too.
Holy shit Europe never fails to surprise me
first they arrest people for imaginary crimes, now they’re arresting people for not paying taxes on their imaginary gains. left-leaning societies are fucked.
So if I own X unrealized profits and have to sell said stock to cover the taxes do I then get taxed on the realized gains? What happens if I have to pay taxes on the unrealized gains and then the stock tanks and I can’t pay the taxes? Wtf is the point of even investing then? This is a fucking disaster.
Wtf.
The hatred of the rich is blinding people and causing irrational politics. The political discontent arising from an increasing wealth divide and more government insolvency is understandable. But this is very irresponsible. It’s a bad idea because it destroys the compounding ability of people’s investments. It’s like uprooting a tree to see if it’s still growing instead of just letting it grow and compound over the long term. Let alone what happens to investments when you’re forced to sell them to cover unrealized gains. It’s just nonsense and will destroy the average person’s savings and see massive capital flight and maybe even lead to LESS tax income.
By the way it’s not just rich people that own investments it’s everyone, through pension/retirement funds. It sounds like it will need an enormous amount of fine print to make it workable but guess what that’s just more bureaucratic nonsense to try and save a doomed idea.
Middle class will bear the brunt of this as they can’t easily relocate to other more sensible tax zones the way the rich can. And the economically challenged will cheer for it not realizing the implications.
Why wouldn’t they just have a special tax for margin loans that disincentives somebody to borrow against their portfolio?
If you’re living there and have investments of any size, or a retirement fund, time to say bye bye Tulip 🌷 Lands!
Won’t happen .
taxing unrealized gains at 36% is insanity. youre literally taxing money that doesnt exist yet. imagine your portfolio goes up 50k, you pay 18k in taxes, then the market crashes and that 50k evaporates. congratulations you just paid taxes on money you never had. this will just push everyone to self custody and dexes. netherlands speedrunning how to kill their own crypto industry while czech republic next door eliminates btc taxes entirely lol
I believe unrealized gains taxes, wealth taxes and all of that is coming. We will have to experience how horribly stupid it is because there’s just too many left leaning politicans are eager to try it. Another big win for the populist right imo. This will only accelerate the shift that is sweeping over Europe right now because of migration.
Europe at it again with stupid policies. It never stop,it’s crazy.
Only the rich are allowed to make money from the stock market
This is the dumbest shit ever. Lol
It’s just a test run, if successful – the rest of EU will follow. They need to sponsor Ukraine, and guess where the money will come from
Straight theft.