nuNov 12, 2026, 14:54

A 1 billion euro shift: What is in the much-discussed left-wing plan

Political parties PRO and Volt have proposed a 1 billion euro tax shift to reduce the burden on labor by increasing taxes on capital and wealthy individuals. The plan includes a two-tiered system for box 3 assets, stricter inheritance and gift tax rules, and an exit tax for emigrating residents.

The political parties PRO and Volt have introduced an amendment to the national tax plan, proposing a 1 billion euro shift from labor to capital. The core of their proposal is to reduce the tax burden on labor by limiting the cabinet’s planned increases to tax brackets in box 1. To ensure a balanced budget, the parties aim to recover these funds by increasing taxes on wealthy individuals and adjusting regulations surrounding inheritance and gifts.

Key measures include implementing a two-tier tax system for box 3 assets, with a higher rate of 38.5 percent for gains exceeding 60,000 euros. Additionally, the proposal targets tax avoidance in inheritance and gift tax by closing current loopholes regarding debt-based paper gifts. The plan also includes freezing bracket adjustments for inflation until 2031 for box 2 and inheritance taxes, alongside a proposed exit tax for high-net-worth individuals planning to emigrate. These combined measures are intended to shift the fiscal pressure toward capital and away from working income.

Politics Economy Netherlands

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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