Miguel Rodríguez San Juan

Netherlands just cancelled the 36% tax on unrealized gains. Back to the drawing board after huge negative public reaction. You can't force people to pay taxes on paper profits they have not realized yet. Especially when those gains can evaporate overnight. This policy was going to destroy retail investors and drive wealth to other countries. People would have been forced liquidate assets just to cover tax bills on holdings they wanted to keep. Public pressure works when enough people speak up.