r/europe • u/paneuropeanism_ Europe • 13h ago

News Von der Leyen: €300 billion in European savings flown overseas every year, primarily to the US, will be invested in Europe from now on. All 27 EU states agreed to establish the S&I Union, a step toward the full Capital Market Union

https://streamable.com/4h43qk
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u/L-Malvo Zeeland (Netherlands) 13h ago

I’m so curious for the Dutch plans that will be announced later today. One of the key tax proposals will completely gut private investing (higher unrealized gains tax). Which is fully contradicting what the EU aims to achieve. Interestingly, within the EU, The Netherlands is in favor of the plan outlined in this post (as am I).

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u/Manesni 13h ago

The Dutch plans only touch the really wealthy, clearly. You should totally be in favour of it unless you have literal fuck you money. (No seriously, it's a dumb idea, I hope they come up with a better system but I'm not very hopeful)

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u/L-Malvo Zeeland (Netherlands) 13h ago

No it doesn’t it hits the middle class, the wealthy hold their assets in companies which are subject to realized gains tax. In the updated unrealized gains tax, individuals with a little over 30k euro invested will be affected.

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u/Manesni 11h ago

I am aware, I was hoping the bit in parentheses would indicate I think the current plan for box 3 is stupid as shit but I guess I wasn't clear enough. my bad :)

its actually LESS than 30k in a good year. I have roughly 20k invested right now and based on this years returns I'd already be hit by this tax change.

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u/lucius_k 12h ago

It touches and targets exactly low- and mid-tier "investors". Or, more precisely, people who want to save a little extra they got left out of their paycheck. Very briefly the plan is - every year you pay tax (in actual cash) from "theoretical" gain in your stock portfolio. Meaning it does not matter weather or not you've sold anything, if stocks goes up, state taxed this "gain". And it is exactly the problem for one who want to secure a little bit of extra money they have. Big-scale investors are able to allocate some money for this taxation or optimize it anyhow. This plan makes investing way less appealing for "ordinary" people.

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u/Wooptay 10h ago

Wait, Netherlands, what the fuck? I really hope that doesn't come through for you guys

But if it does, do they also plan on giving you a tax refund if your portfolio is negative? 😂

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u/Manesni 11h ago

I am aware, I was hoping the bit in parentheses would indicate I think the current plan for box 3 is stupid as shit and I was being sarcastic, I guess I wasn't clear enough. my bad :)
at least in the current system you have the 57K (or double that if you have a financial partner) tax free area but that's severely limited with the new 1800 euro tax free returns thing.

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u/AnonymousStuffDj 12h ago

it touches anyone who has investments, which is essentially anyone who is financially responsible.

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u/Grintock 31m ago

Having a yearly growth in your assets of €1800 is what you count as 'fuck you money'???? In what world do you live, dear lord. That's not even a month of rent in a major city lol