Yes, they want slaves, not people. At least it looks like. Fortunately the Dutch have now two years to get out of that tax shithole… run as fast as you can!
The ones who stay there will not save for elder days any longer, what for if they steal it from you. More volatility means more gains but with that tax model it may mean more tax than income. It all depends where your investment is priced the 31. of December.
What an intelligent way of leading a country. Achievers will leave, less income, more spending due to nobody taking care of it’s own old age. And of course no more FIRE.
Fortunately there are a few Caribbean islands that speak a similar language. But probably many of them poor Dutch will come to Switzerland.
I believe there’s still a senate vote outstanding, but the looming uncertainty might be enough for some to explore viable alternatives regardless.
Apparently, the uncertainty around the vote on “tax 50% of wealth bequeathed above CHF 50M” was enough for some foreigners to not follow-through with or at least delay their planned move to a tax domicile in CH.
Can we avoid political debate? I don’t really see the kind of outcome you expect from that topic, esp. using inflammatory language… (and it’s not even related to Switzerland)
For me it would be more than enough if one would not write anything if he/she has nothing to say on the topic.
We are in the tax sub and I still have a hard time to believe that any country would charge a tax on non-realized capital gains. It is like an estate tax, but very high.
I am in contact with some friends from Holland, wonder what they will do. Because they are part of the minority there that invest in stocks.
Belgium did not have a private capital gains tax but started one this year. It is 10% AFAIK. Luxembourg does not tax private capital gains if kept for more than 6 months AFAIK.
Not sure about the situation in Malta and Cyprus, but probably similar.
Switzerland is a tax paradise, I already commented that I pay less here than I did when living in a tax-free country.
Sooner or later this could be a pain point here as well. I mean, “they” discussed about changing the taxes and rules of 3d pillar and assets at the pension funds.
This will probably will take another 30 years - or may never come, we shall see.
Despite I don’t like how this thread started and how the problem was presented (as if anybody would easily relocate to the Caribbeans because they speak the same language…), it is important to share this news.
I really hope that the consequences of such taxes will be so dramatic, that they will take a step back.
I also think that the biggest risk is the “tax the rich” movement, which is used as an excuse to target the middle class and raise taxes in general.
(if too political please delete, but money, taxes and politics as “the activities and decisions associated with the governance of a country” are connected)
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