Hold onto your hats, HODLers! The Netherlands is shaking things up with a new 36% "unrealized gains tax" kicking in by 2028. This means if your Bitcoin or other assets simply go up in value, you'll owe taxes even if you never actually sell. Yikes! This "Actual Return in Box 3 Act" could lead to a tricky "liquidity death spiral" for investors.
This could be a preview of a global trend as governments eye new ways to grab revenue. Historically, wealth taxes haven't exactly been roaring successes elsewhere, prompting savvy investors to consider more crypto-friendly havens like the UAE and Portugal. Better brush up on your escape plans!
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