Dutch Lawmakers Approve a 36% Tax on Unrealized Crypto, Stock, and Bond Gains - IMI Daily
Well, there was already a topic on this, but the pope(s) and cardinals seem to have decided it was too political? I don’t know.
Anyway, if you want to discuss this, please stay clear of any politics (whatever that means to anyone’s view of what politics is). Any precedence in other mostly political territory topics like Federal savings measures - Potential tax increases - Taxes - Mustachian Post Community probably won’t help you much here.
Gemini summary of the linked article:
Based on the reports from IMI Daily and recent developments in February 2026, here is a 3-short bullet point summary of the new Dutch tax law:
- Flat 36% Rate on Paper Gains: Starting January 1, 2028, most liquid assets—including >cryptocurrencies, stocks, and bonds—will be taxed at a flat rate of 36% on their annual increase in value, even if the assets are not sold.
- Replacement of “Fictive” Returns: This legislation (the Actual Return in Box 3 Act) replaces the old system of taxing “assumed” profits, which the Dutch Supreme Court ruled unconstitutional, but introduces significant liquidity risks by forcing investors to pay tax on cash they haven’t yet realized.
- Exemptions for Real Estate: Unlike liquid securities, real estate and startup shares are exempt from the annual unrealized tax; they will instead be taxed only upon sale (traditional capital gains approach) to avoid forcing owners to sell illiquid assets to cover tax bills.
I personally find this just dumb (given the anticipated consequences for the Netherlands), regardless of what poltical view one might have, but of course your view might be different and I might be completely wrong.