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".