Imagine Paying Taxes on Money You Never Received

Summary

Gareth Jenkinson explains a proposed unrealized capital gains tax in the Netherlands that would tax paper profits at 36% annually, forcing investors to potentially sell assets to cover tax bills and eroding long-term savings through compounding and timing issues.

• Netherlands discussing a 36% unrealized capital gains tax.
• Tax applies annually on paper gains, even without sale.
• Investors may be forced to sell assets to pay the tax.
• Compounding and timing issues could harm long-term savings.
• No investment recommendations given; pure policy explainer.