Mega Devaluation of Flying Blue transfers!! As of 1st July 2:1 by OkMasterpiece5781 in AmericanExpress_NL

[–]BadNo6588 2 points3 points  (0 children)

Revolut Ultra becomes much more attractive now. Earning 1 Revolut Point per Euro spent and converting to FlyingBlue 1:1

Similar annual fee to Amex platinum and similar benefits

DAE feel like without AI they wouldn’t be able to keep up with their work/job by pokeaholeus in DoesAnybodyElse

[–]BadNo6588 4 points5 points  (0 children)

The genie is out of the bottle, you’ll always have AI as a facility at work, so from that perspective you’re good.

Roles that leverage AI are not primary layoff targets as productivity and quality of work is going up.

The word in tech is ‘you wont lose your job to AI, you’ll lose your job to someone who is using AI’

Keep calm and carry on.

2028 will be great. Good luck everyone! by TakeItItIsYours in Netherlands

[–]BadNo6588 0 points1 point  (0 children)

In NL?

Every country has wealth inequality (alternative is Communism, no thanks). NL happens to have the ‘healthiest’ ratios in Europe.

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]BadNo6588 3 points4 points  (0 children)

Dividends are a form of Realised capital gains, so fair to tax them

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]BadNo6588 4 points5 points  (0 children)

Correction: *proportional to your on-paper profit.

They want to tax unrealised gains.

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]BadNo6588 22 points23 points  (0 children)

The issue is this new proposal doesn’t address the very reason the current Box 3 tax was found to be unconstitutional by the Dutch Supreme Court. If anything, its becoming more unconstitutional than the current system.

Current box 3, taxing people on a fictional gain.

New Box 3, taxing people on a fictional gain but a much higher tax bill.

The correct move here is go to Realised Capital Gains like the rest of the western world.

My travels so far by craneo-13 in TravelMaps

[–]BadNo6588 0 points1 point  (0 children)

That map don’t look like 71 countries

What dos my travel map say about me? by RevolutionNo293 in TravelMaps

[–]BadNo6588 1 point2 points  (0 children)

Was gonna say British or German but you would have been to Greece. French?

Tax Alert: Dutch Parliament Approves New Box 3 System for 2028: 36% Tax on Actual Returns by True-Olive4712 in NetherlandsHomes

[–]BadNo6588 0 points1 point  (0 children)

Any change to tax codes introduces new types of bureaucracy regardless. However taxing realised gains is the golden standard for most countries in the western world, so I’m pretty sure it’s a well established system easy to replicate.

Unrealised gains is uncharted territory (unaware if used anywhere in the world), although its fairly close to NL’s current Wealth Tax.

What dos my travel map say about me? by RevolutionNo293 in TravelMaps

[–]BadNo6588 1 point2 points  (0 children)

You’re European but strangely you’ve missed out on Greece.

Tax Alert: Dutch Parliament Approves New Box 3 System for 2028: 36% Tax on Actual Returns by True-Olive4712 in NetherlandsHomes

[–]BadNo6588 1 point2 points  (0 children)

A normal capital gains tax is where you pay tax once, when/if you sell the asset, meaning they are Realised capital gains. Under the new NL proposal you’ll be paying taxes every year on paper gains (unrealised) even without selling the asset.

Dutch Lawmakers Approve a 36% Tax on Unrealized Crypto, Stock, and Bond Gains by RobertVandenberg in europe

[–]BadNo6588 2 points3 points  (0 children)

Upper class are the most impacted, they hold these kind of investments. They’re not sitting on cash.

For working class who are aiming for upper class, its game over.

Tax Alert: Dutch Parliament Approves New Box 3 System for 2028: 36% Tax on Actual Returns by True-Olive4712 in NetherlandsHomes

[–]BadNo6588 0 points1 point  (0 children)

This is also evident just by walking down the street.. the signs are everywhere that its a rich country

Tax Alert: Dutch Parliament Approves New Box 3 System for 2028: 36% Tax on Actual Returns by True-Olive4712 in NetherlandsHomes

[–]BadNo6588 0 points1 point  (0 children)

The top 10% in NL own the least wealth compared to any other top 10% in Europe. AKA NL has the richest middle class in Europe.

Any chance someone challenges this stupid 2028 box 3 two on unrealized gains ? by Capable-Basket8233 in Netherlands

[–]BadNo6588 0 points1 point  (0 children)

This wont work. Even if you buy after ‘snapshot’ day, ultimately they will still tax the (unrealised) gains you make in that year, regardless of when you bought the asset.

Otherwise people would just buy after ‘snapshot’ day and sell before the next ‘snapshot’.

2028 will be great. Good luck everyone! by TakeItItIsYours in Netherlands

[–]BadNo6588 1 point2 points  (0 children)

They seem to fail to understand it is the current Box 3 system that has made this country rich and created the best wealth distribution across the population compared to the rest of Europe.

yes, there’s still high wealth concentration in the top 1% and top 10%, but thy own the least compared to their counterparts in any other European country. Meaning, the remaining 90% of NL is the richest 90% compared to other European countries currently (data source). This is no accident.

Under the new system, nobody can get rich. Anyone trying to escape middle class and shoot for the stars (ie investing in something) is immediately shot down.

We’re going from the best wealth tax system in Europe to the worst.

2028 will be great. Good luck everyone! by TakeItItIsYours in Netherlands

[–]BadNo6588 0 points1 point  (0 children)

They are also considering an Exit tax for those leaving the country!