Dutch House Passes 36% Tax on Savings and Crypto, Including Unrealized Gains from 2028

The Netherlands' House of Representatives on Thursday approved a plan to impose a 36% capital gains tax on savings and most liquid assets, including cryptocurrencies, with 93 lawmakers voting in favor and clearing the 75-vote threshold. The measure would tax unrealized gains on savings accounts, crypto holdings, most equity investments, and interest-bearing instruments, even if assets are not sold. If the Senate approves, the policy would take effect beginning with the 2028 tax year. Critics warn the plan could drive capital out of the Netherlands to lower-tax jurisdictions, citing historical examples where similar levies prompted relocation of entrepreneurship and investment activity.