The Dutch Government (Netherlands), which brought the controversial 36% tax on unrealized gains on Feb 13, is forced to reconsider its decision after massive protests.
The Tax Minister, Eugène Heijnen, pledges to rethink the draft of the law.
The taxes on unrealized gains apply to cryptocurrency, stocks, bonds, and other assets and were to take effect in 2028.
Taxation on unrealized gains has been tricky in the past because, unlike realized gains, they aren’t fixed.
A previous law on “assumed returns was deemed unconstitutional by the Dutch Supreme Court.
Source: https://bfmtimes.com/netherlands-to-rethink-36-tax-on-unrealized-gains/
