Netherlands Proposes Revisions to Unrealized Capital Gains Tax Plan

The Dutch government is reconsidering its controversial proposal to tax unrealized capital gains annually at a rate of 36%. Following significant backlash and a legislative stalemate, Finance Minister Eelco Heinen signaled that the original bill, which would have taxed assets like Bitcoin even without a sale, cannot proceed in its current form. While the government continues to push for a resolution to replace the existing deemed-return tax system, the status of Bitcoin held in private wallets remains uncertain as the Senate has yet to approve the proposed framework.