Today, the Dutch parliament has decided to approve the tax on realized gains.
That means: 36% on realized gains on #Bitcoin, and stocks.
This will be going in practice on the 1st of January 2028.
Complete insanity.
What does this exactly mean?
Well, the Netherlands have been great when it comes to taxing Bitcoin.
For instance, if you had 1 Bitcoin on 1st of January 2023 and it's worth $100,000. You're paying ~1.5-2.0% tax on that, which is $1,500-2,000.
Let's say, it goes up to $200,000. Then, again, you're paying 1.5-2.0% tax on that, which means $3,000-4,000.
Now, in the new situation, the law will say:
The $100,000 gain that you've made, you'll be taxed 36% on that. $36,000 goes to the government.
This means that you're FORCED to sell your liquid $BTC in order to pay the government even more taxes.
The actual tax rate in the Netherlands is 80%.
Absolutely, fucking, wild scenes and insane that we all accept this.
🚨🔴⚪️ Following talks tonight, Arsenal are convinced that Eberechi Eze prefers to join them over Tottenham.
£60m package offered to Palace with easier add-ons and faster payment terms to try beat Spurs.
Negotiations underway.
GM legends! 👋
Have a great new start of the week💯
As You guys already know I am the Business Dev Lead at @ReformDAO and I am super exited for Coinfest Asia 2025 in Bali (Aug 21-22)!
We are all about deep liquidity, strong exchange listings, and launch strategies that actually work.
Building a project? Tired of a unhealthy market condition and paper-thin order books? Never fear delistings, we have got your back!
Let's meet up there 🤝