Value Outliers

BREAKING: 🇳🇱 Netherlands House of Representatives approves 36% tax on unrealized capital gains in stocks, crypto and bonds.

I think 80% of families looking for a European base will end up in Cyprus. Here's why. 15% corporate tax. A 17-year non-dom regime that eliminates tax on foreign dividends and interest with just 60 days of presence. English everywhere. British common law. No wealth tax. No inheritance tax. 340 days of sunshine. EU citizenship after 7 years of residency. Direct flights to London, Dubai, and most of Europe. Healthcare is affordable and high quality. International schools in every major city. And with €300K in real estate, you qualify for permanent residency if you prefer the investment route. No other country gives you this combination at this price point. Some people find it boring. As Portugal cools down, 80% of globally mobile families will most likely end up choosing Cyprus. What's your take: how's life in Cyprus? Is it really as boring? Please share your honest pros and cons.

NEW: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work. Here is a more detailed example: Step 1. Starting position You own 500 shares. Value on Jan 1, 2028: €50,000 Value on Jan 1, 2029: €100,000 So the paper gain is: €100,000 − €50,000 = €50,000 unrealized profit You did not sell. But for tax purposes, that €50,000 is treated as income. Step 2. Apply exemption You are married, so you get a €3,600 exemption. €50,000 − €3,600 = €46,400 taxable amount Tax rate: 36% €46,400 × 36% = €16,704 tax bill That bill is due in May, even though you never sold anything. Step 3. Market falls before you pay Now suppose by May the shares drop in value. New total value: €60,000 So your portfolio is no longer worth €100,000. It’s worth €60,000. But the tax bill is still €16,704, because it was calculated based on the January 1 valuation. Step 4. You must sell shares to pay tax To raise €16,704, you sell part of your shares. After paying the tax, you’re left with: €60,000 − €16,704 = €43,296 Originally you had 500 shares. Now you have 360 shares left. You were forced to sell 140 shares. 140 ÷ 500 = 28% of your shares gone. Step 5. What happened economically? Before the correction: Paper gain was €50,000. After the correction: Portfolio is worth €60,000. Original cost basis was €50,000. Real gain is only €10,000. But you paid €16,704 in tax. So instead of being up €10,000, you are now: €43,296 − €50,000 = €6,704 below your original starting value. You turned a €10,000 real gain into a €6,704 net loss. And you lost 28% of your shares permanently.

The Dutch government is destroying long term compounding by introducing a 36% tax on unrealized gains. As a Dutch citizen and long term investor, I’m at a loss for words about the lack of vision behind this new tax. I normally don’t post anything politically related, but what our government is planning to do is disastrous for long term investors. This is the sad truth. Most people here start investing to protect themselves against inflation and ever rising pension ages. They’re trying to put hard earned money to work, hoping they can retire before the age of 71. And they had a real shot at that before this bill. If you started at 25 with €10,000 and contributed €1,000 every month, you could compound to €3,320,000 over 40 years. If you lived prudently, you could retire early and live off it for the rest of your life. With the new capital tax? After 40 years of compounding, you’d end up at €1,885,000. That’s a €1,435,000 difference. This tax denies generations the chance of early retirement, punishes those who take risks, and introduces severe liquidity issues for people who have been compounding successfully for years. And to what end? To fill a €2.4 billion tax hole. I’m beyond words. If you’re Dutch like me, please share this visual with fellow investors to increase awareness. Hopefully we can make our politicians understand the severity of this tax, and the breadth and depth of its destructive implications. ~ Jan

NETHERLANDS HOUSE PASSES 36% TAX ON UNREALIZED GAINS As expected, the Dutch House of Representatives has approved a 36% tax on unrealized capital gains, with only forward loss offsets permitted. The proposal now moves to the Senate, where parties that supported the bill also hold a majority, making final approval likely. Critics warn the measure could disrupt long term investment strategies, weaken compounding effects, and encourage capital outflows. Several right leaning parties had publicly criticized the proposal in advance, but most ultimately voted in favor, citing fiscal constraints and the cost of delaying or revising the plan, stating "we don't like it either but we have to".

BREAKING: Netherlands’ House of Representatives has approved a 36% tax on unrealized capital gains.

BREAKING: 🇳🇱 Netherlands House of Representatives approves 36% tax on unrealized capital gains in stocks, crypto and bonds.

Sad day in NL, the Dutch government is expected to pass a bill introducing a 36% tax on unrealized capital gains. This will destroy long-term strategies, kill compounding effects & trigger a wealth exodus of biblical proportions. But they'll pass it anyway. Can't fix stupid.