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As I understand it, Netherlands have a wealth tax: rather than tax capital gains, net ownership is taxed at a 30% rate of assumed gain. So essentially you pay 0
by Erwin 9y ago
As I understand it, Netherlands have a wealth tax: rather than tax capital gains, net ownership is taxed at a 30% rate of assumed gain. So essentially you pay 0.6 to 1.5% of your shares, non-primary housing etc. in wealth tax depending on size of your assets.
http://taxsummaries.pwc.com/ID/Netherlands-Individual-Income-determination http://taxsummaries.pwc.com/ID/Netherlands-Individual-Income...
- qaq 9y agovery reasonable system (although can be easy circumvented by moving). It would not have prevented anyone from accumulating the wealth that everyone is complaining about in this thread though.