The Dutch lower house just passed a 36% capital gains tax on unrealized equities and crypto gains, in a move likely to spark mass capital flight.
The bill, called the Box 3 tax, still requires approval in the Senate.
Under the [new law](https://finance.yahoo.com/news/dutch-lawmakers-advance-36-capital-092300720.html), if your $50k in stock investments rises to $100k by the end of the tax year, you will owe the government $18k (36% of the unrealized profits).
Don’t have $18k? Sell your stocks to pay for it.
What if your investments fall back to $50k soon in the next year? You still owe the $18k, thank you for your contribution.
The one silver lining is that this isn’t scheduled to take effect until 2028, so anyone with investments or crypto has two years to work out how to move their tax residency.
