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NETHERLANDS TO TAX UNREALIZED BITCOIN GAINS

Netherlands is moving toward taxing unrealized capital gains on bitcoin, stocks, bonds, and other assets after parliament voted to overhaul annual income tax filings.

Under the new system, investors will owe tax each year based on changes in asset value, even if nothing has been sold.

The reform, known as Wet werkelijk rendement Box 3, is scheduled for 2028 and will tax actual returns by measuring the difference between an assetโ€™s value at the start and end of the year, plus any income received.

That means both realized and unrealized gains will be taxed.

Critics warn the shift could create serious liquidity problems, forcing investors to pay taxes on paper gains without having cashed out.

454โค๏ธ22๐Ÿ‘€2๐Ÿ˜ฑ2๐Ÿค™2โ˜ ๏ธ1๐Ÿ˜ˆ1
BTCbeeRancher · 7w
Get out, get out, get out!!!
Hypno | seedkeys.xyz · 7w
Someone needs the money...
Furious Honey Badger โšก๏ธ · 7w
Its not going to happen
Hervรฉ Beraud · 7w
Well, Netherland seems continue cooking the recipe of disaster... https://youtu.be/D-hLhot3KFY
The Bitcoin Act · 7w
Dutch Tweede Kamer (lower house) debated and appears to have majority support for this Box 3 overhaul during Mondayโ€™s session. The vote is expected soon, with most parties backing it. Watch if other EU countries follow (Sweden already has elements of this)โ€ฆ
OostLog · 7w
Theyโ€™ve now done 1) exit tax and 2) taxing unrealised capital gains. Now we wait for the inevitable global taxation on capital gains, or some such thing in prob 5 years tops. War + a nanny state + infinity foreigners + boomers used to their comforts since retiring at 57 wonโ€™t fund itself. Pe...
Bob Social, · 7w
๐Ÿ˜ถ๐Ÿ™ƒ๐Ÿ˜ฆ = ๐Ÿ˜ˆ๐Ÿฉต7โ˜ฏ๏ธ โ—๏ธ๐Ÿ‘€๐Ÿ‘€๐Ÿ‘€ (๐Ÿ‘€) ๐Ÿ‘€๐Ÿ‘€ ๐Ÿ”ด๐Ÿซฃ๐Ÿ”ด ๐Ÿ˜ถ๐Ÿค™โ›”๏ธ๐Ÿค”๐Ÿ˜ฏ(1๐Ÿซข)โ›”๏ธ๐Ÿ˜ณ๐Ÿ‘€ ๐Ÿค”๐Ÿ‘€๐Ÿ’๐Ÿช‡๐Ÿ˜ถ๐Ÿ”ต๐Ÿ™ƒ ๐Ÿ”ท๏ธ๐Ÿ”น๏ธ๐Ÿ”น๏ธ๐Ÿ”น๏ธ โœ…๏ธ ๐Ÿ”น๏ธ๐Ÿ”น๏ธ๐Ÿ”น๏ธ๐Ÿ”ท๏ธ ๐Ÿ’๐Ÿ‘๐Ÿ’๐Ÿ’
Tommy "The Purchase" · 7w
Good, I'm anxious to see what happens to a western country when all the capital and lots of tax-slaves leave in a short amount of time. Sorry about the people who have to leave their homeland but if it's any consolation, my country's probably next ๐Ÿ˜…
Ankh- Morpok · 7w
Do you get money back from the IRS if itโ€™s a loss making year? That might be nice hack
KrP · 7w
I don't see how this ever makes sense
DerOptimist · 7w
Good luck taxing btc in self custody
Mr Smith · 7w
lol, Holland just lost most of its millionaires & billionaires, as well as all the companies that they run and own . Fucking fools
Menno Reitse Bouma · 7w
Relax. Under the current system we already owe taxes on bitcoin, stocks, bonds and other assets each year even if nothing has been sold. Its currently not solely based on changes in asset values, but on (a) assumed return percentages per asset class you invest in or (b) if you elect to do so, base...
sister_sam · 7w
They can only tax what was purchased with KYC in the first place if that. And when the hell would they choose for these imaginary gains? The highest, the lowest, the most current, the average since purchase? And would they just keep taxing those that HODL? Would they do it in reverse and reimb...
TheBitcoinButcher · 7w
Self custody is the only solution ๐Ÿ”ฅ๐Ÿš€
Richi · 7w
Applying company laws to people. FRAUD
No counterparty risk · 7w
I always see this from the perspective that theyโ€™re giving you advanced warning. โ€œIf you have wealth you might want to take action and moveโ€
invcit · 7w
Asset value is undetermined until sold. โ€œUnrealized gainsโ€ is a contradiction in terms.
Fzero · 7w
๐Ÿคก
El Hodlero · 7w
Taxes on the money that was taxed before you got it.
โ‚ฟrent · 7w
Brutal. Time for the Dutch to exit the system and HODL bitcoin in anonymous wallets they own, outside of state surveillance.
pietre · 7w
How can one short Netherlands?
Yuri Yerofeyev · 7w
Pure madness.