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Caretaker cabinet unveils new plan for asset savings tax

The caretaker Cabinet released a proposal on Friday for a new method to tax savings from capital assets. State Secretary Marnix van Rij’s (Finance) new plan is to tax the wealth in “Box 3” on a mixture of capital growth and capital gains. However, he pointed out that the decision lies with the new Cabinet formed after the election. The new plan was previously reported by de Telegraaf on Thursday. ....

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Savings to be taxed on a mix of capital growth and gains in government's new plan

State Secretary Marnix van Rij’s (Finance) new plan for the savings tax is to tax the wealth in “Box 3” on a mixture of capital growth and capital gains, insiders told the Telegraaf. The capital growth tax levies a direct tax on the increase in value every year, and the capital gains tax only levies the tax when profit is cashed out. The latter would apply to things like real estate investments. ....

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226,000 entrepreneurs in the Netherlands still have unsettled Covid-19 debts

Approximately 226,000 entrepreneurs currently have outstanding Covid-19 debts with the Tax Authority. Since October 2022, they have been on a payment plan to settle these debts incurred during the Covid-19 pandemic. The majority are adhering to the payment terms, but at least 43,000 entrepreneurs have not paid anything yet. State Secretary Marnix van Rij (Taxes) reported these figures on Thursday in a letter to the Tweede Kamer, the lower house of the Dutch parliament. ....

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