adNov 12, 2026, 19:24

Tax plan passed, including millionaire tax, VVD furious: ‘Bad for the Netherlands’

The Dutch House of Representatives passed a new tax plan including a millionaires tax with support from coalition partners CDA and D66 alongside leftist parties. This outcome has led the VVD to reconsider its position within the government due to the shift in fiscal policy.

The Dutch House of Representatives has approved a new tax plan that includes a tax on millionaires, triggering significant internal tension within the ruling coalition. A majority of 79 members supported the proposal, which was spearheaded by opposition parties and backed by coalition partners CDA and D66. The legislation shifts the tax burden by reducing taxes on labor while increasing the levy on assets, specifically targeting annual capital gains exceeding 60,000 euros in box 3. Additionally, the plan eliminates certain tax exemptions for paper gifts.

Following the vote, VVD faction leader Ruben Brekelmans expressed deep frustration, criticizing coalition partners for moving toward leftist economic policies. He described the developments as disheartening and announced that the VVD will hold internal discussions to evaluate its future role within the current cabinet. The adopted measures, which aim to generate 1 billion euros, include a slight reduction of the regular box 3 tax rate to 35.5 percent, with remaining funding to be sourced through the limitation of other fiscal benefits.

Politics Economy Netherlands

Read original ↗

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

Dutch parliament approves capital gains tax in box 3 after months of debate

The Dutch House of Representatives has passed a new tax plan for box 3 assets that introduces taxes on realized gains for most investments starting in 2029. While savings and crypto will be taxed annually based on value increases, the legislation still requires approval from the Senate, where concerns about implementation remain.

Parliament approves left-wing tax proposal: lower labor taxes to be funded by the wealthy

The Dutch House of Representatives passed a tax amendment to lower taxes on labor by increasing levies on wealthy individuals and investment returns. The proposal, supported by a coalition of parties, complicates the future of the cabinet's broader tax plan due to opposition from the VVD.

Jetten cabinet spoils things for Klaas Knot in the fight for Europe's most powerful job

Klaas Knot's chances of becoming the next president of the European Central Bank have declined after France and Germany reportedly agreed to support a Spanish candidate instead. Dutch Prime Minister Rob Jetten was unable to attend a critical European summit in Dublin to lobby for Knot due to a domestic political crisis.

Amsterdam city council takes city back to court to force Schiphol flight cuts against the administration's wishes

The Amsterdam city council has voted to initiate legal action against the government's new aviation rules for Schiphol Airport, seeking a reduction in flight numbers and tighter noise controls. Although the city administration prefers to exert influence as an airport shareholder, the council has mandated they join a lawsuit by December 8 to address environmental and noise concerns.

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.