The Netherlands just introduced a 36% tax on
Speaker:unrealized gains. And if you think this is just a Netherlands problem,
Speaker:think again. Australia is on the chopping block, then New Zealand,
Speaker:then the rest of the world. This is the most aggressive wealth
Speaker:tax in modern history. And it's coming for your property, your
Speaker:stocks, and especially your digital assets. Labor
Speaker:has already tried to introduce this here on your super
Speaker:fund, your retirement savings. It's been sidelined for
Speaker:now, but they're not done. And when it passes, you'll
Speaker:be forced to sell just to pay the tax bill. Now
Speaker:in this video, I'm showing you how it works, why
Speaker:Australia is next, and the three ways to protect yourself
Speaker:before it's too late. All right, let's get the facts straight. I've
Speaker:dug into Dutch media like NL Times, IMI
Speaker:Daily, Deloitte Reports, and government statements. The
Speaker:proposal is the Actual Return in Box 3 Act,
Speaker:which passed the House of Representatives on February the 12th,
Speaker:2026, just recently, with 93 out of 150 votes.
Speaker:It's pending Senate approval, but if it goes through
Speaker:and it does look likely, it'll kick on in January 1, 2028. Now,
Speaker:what is it exactly? It's a flat 36% tax on
Speaker:actual returns from box three assets. Now,
Speaker:savings, investments like stocks, bonds, and cryptocurrencies, including
Speaker:Bitcoin. But here's the killer. It includes unrealized gains
Speaker:every year. So you mark to market your portfolio, value
Speaker:it at the year end prices, and then pay 36% on the appreciation. Even
Speaker:if you haven't sold a freaking sat, right, even
Speaker:though it's not an asset at all. If your Bitcoin bag goes
Speaker:to say, 10,000, and they're talking euros on
Speaker:paper, you owe 3600 euros in
Speaker:tax, and that's cash out of your pocket, no
Speaker:sale needed. So it's not just crypto, it's
Speaker:stocks, bonds too, but real estate and qualifying startup
Speaker:shares get a pass with realized only
Speaker:tax, right? So capital gains on the sale, the
Speaker:gift, or immigration, or death. So
Speaker:there's a small 1,800 euro tax-free annual
Speaker:return per person, and losses can be carried forward. But
Speaker:here's the uppercut, yeah? No refunds,
Speaker:yeah? Now, what does that mean? It means if you were to actually
Speaker:pay in that scenario, the 3600 euros
Speaker:in tax for that year, but let's just say the next
Speaker:financial year, your asset went down in value, and
Speaker:you lost, let's say on paper, 20,000 euros. Guess
Speaker:what? You can't come back to the tax office and say, well, my
Speaker:asset has gone down in value. Can I get that $3,600 tax that I've paid
Speaker:back, please? They'd be like, no. So it only works one
Speaker:way. It only works in the sense of appreciation, you
Speaker:pay the tax. But if your investment goes down, you
Speaker:don't get a refund, nor do you pay tax. So the whole
Speaker:thing is completely insane. So why
Speaker:implement it? the old system tax deemed or
Speaker:fictitious returns. Now, assuming a
Speaker:fixed yield on your assets, regardless of reality, the
Speaker:Supreme Court ruled it unconstitutional multiple times,
Speaker:calling it discriminatory because people pay
Speaker:tax on these phantom gains during market dips. It
Speaker:was bleeding the treasury to the tune of 2.3 billion euros
Speaker:a year in refunds and lost revenue. This is
Speaker:a rushed bridge solution to plug the hole while
Speaker:they figure out a better realized gains system
Speaker:later. Now, the government admits it's not ideal. Even
Speaker:parties who voted said, yes, we want it replaced by
Speaker:2028 or sooner. But the tax authority couldn't implement anything
Speaker:else fast enough. So what do they expect to achieve or
Speaker:gain? Revenue. That's what they want to achieve. Pure
Speaker:and simple. Your money. They want to stabilize finances,
Speaker:prevent leakage from the old flawed system, and look like
Speaker:they're bringing in this fairer system by taxing actual
Speaker:returns. But critics say it'll spark capital
Speaker:flight, which is just people moving out of the country as fast
Speaker:as possible. Investors dumping assets or fleeing to
Speaker:low-tax spots like Portugal or Dubai. Dutch
Speaker:media is buzzing with fury. Reddit threads call it
Speaker:insane warning about a max exodus. And
Speaker:the government's spinning it as temporary. Hey, we're just going to do this temporary. Don't worry
Speaker:about it. With exemptions for startups amongst other things. But
Speaker:for crypto hodlers, It's a liquidity nightmare.
Speaker:You'll be having to do forced sales just to simply pay
Speaker:tax. And then guess what? Because you've had to sell the asset to
Speaker:pay the tax, it's going to trigger even more tax,
Speaker:right? They gain short term cash, but lose long
Speaker:term innovation and wealth. And here's the extra tyrannical twist
Speaker:just for good measure. The Netherlands has an exit tax.
Speaker:Yay! And that kicks in when you leave the
Speaker:country. And this new Box 3 regime ties straight into
Speaker:it. Under the current and proposed system, immigration
Speaker:is a realisation event for capital gains
Speaker:tax in Box 3. meaning if you move
Speaker:abroad, they treat it as if it's sold and
Speaker:you then have to pay tax on the unrealized gains again at
Speaker:36%. So for certain assets like stocks and crypto under the growth track, you
Speaker:might defer the tax over time, but often it's a lump sum or
Speaker:stretch payment. So Dutch tax advisors like
Speaker:KPMG, Deloitte and Muirburg warned
Speaker:that high net worth folks are already immigrating to avoid
Speaker:this. But the exit tax can hit hard, up
Speaker:to 36% on unrealized gains at departure. Some
Speaker:reports mention a potential five-year clawback or
Speaker:monitoring period where if you immigrate and
Speaker:later sell assets, the Netherlands could still claim tax
Speaker:if ties remain or under a double-tax treaty.
Speaker:Now, it's not a strict five-year exit tax like some
Speaker:US-style expatriation rules, but the realisation on
Speaker:immigration acts as an effective exit levy. And
Speaker:the new laws Dual Track keeps the pressure on. If
Speaker:you leave after 2028, boom. tax
Speaker:on paper profits. Now, advisors say it's pushing people
Speaker:to Dubai, Singapore, Portugal, Andorra. It's
Speaker:designed to trap you in the system, pay up
Speaker:or pay to leave. Now, this whole thing is straight up
Speaker:absolute fear tyranny. Taxing unrealized gains
Speaker:is theft, punishing you for holding wealth that grows before
Speaker:you even benefit, like before you even sell it. It's big
Speaker:government saying, We own a cut of your paper profits.
Speaker:Pay up or sell. No other country does
Speaker:this broadly. Now if you have wealth taxes, but
Speaker:annual mark to market on crypto, rare as hen's teeth. Add
Speaker:the exit trap and it's prison, stay and
Speaker:get clipped yearly. Leave and get clipped on the way out. it
Speaker:destroys the huddle ethos. So why stack
Speaker:sats if the state raids your bag every single year?
Speaker:Forces liquidity crunches, especially in volatile markets.
Speaker:You're big up one year, you pay massive tax, then down
Speaker:the next. They'll say, too bad, no refund. It's
Speaker:control on steroids. Now governments hate
Speaker:uncontrolled assets like Bitcoin, so they clip your wings with
Speaker:the exit taxes too. Now in a downturn, you're
Speaker:doubly screwed. Losses carried forward, but
Speaker:you still paid on prior ups. And immigration costs
Speaker:a fortune. So tyrannical as hell, right? It
Speaker:erodes property rights, incentivizes evasion or exodus.
Speaker:If I've got a massive bag of Bitcoin, I borrow against it
Speaker:at say 10 to 15%. Who gives a shit, right?
Speaker:When Bitcoin's mooning. But this tax forces
Speaker:your hand, it destroys sovereignty. Let's crunch the numbers
Speaker:on what this does to your Bitcoin stack. So say
Speaker:you've got $100,000 AUD in Bitcoin today and
Speaker:assuming a conservative 30% CAGR compound
Speaker:annual growth rate over the next 20 years. So before tax,
Speaker:simple compound growth, right? Future value of your $100,000 would
Speaker:be $19 million. Yeah, that's right. $19 freaking
Speaker:million. That's the power of holding on to
Speaker:Bitcoin. After the Dutch tax, every year, you'd
Speaker:pay 36% on the unrealized gains. So it's
Speaker:year end value minus the start of year value. Assuming
Speaker:you pay the tax from other sources, so this means you don't
Speaker:sell your Bitcoin to keep you keep the Bitcoin intact, it
Speaker:reduces your effective growth. But in reality, many
Speaker:would have to sell portions of their Bitcoin, and this would compound
Speaker:the loss. So modeled annually, you start
Speaker:with, say, $100,000. Year one grows 30% to $130,000. Your gain is $30,000. Now tax is 36%, which equals $10,800 owed, paid
Speaker:externally, like from your other sources of income. Year two, starts
Speaker:at $130,000, no reduction since you paid
Speaker:externally, right? So you're still holding that Bitcoin. It grows then
Speaker:to $169,000. It was a $39,000 gain.
Speaker:The tax, $14,000 that you've now got to
Speaker:find from somewhere and so on and so forth. Now over 20 years
Speaker:without selling any Bitcoin, you'd still end up with $19 million
Speaker:because accumulated over time. But you've
Speaker:paid out millions in tax along the way. The
Speaker:total tax paid, ready? On this criminal
Speaker:unrealized capital gains tax, you'd pay $6.8 million,
Speaker:right? So that's all the taxes added up over that 20-year period
Speaker:that you would owe the tax office. And you hadn't sold any Bitcoin. But
Speaker:if you have to sell Bitcoin each and every year, what
Speaker:does that look like? I'm telling you, it's brutal, right? It
Speaker:reduces the principle of your Bitcoin over time. Let's
Speaker:say you sell just enough. Each year after growth, you
Speaker:sell a portion to cover the tax at the current price, right?
Speaker:So effective growth drops significantly and you end
Speaker:up with only, this is so bad, $3.5 million.
Speaker:Yep, you heard it, slashed by over 80%. It's
Speaker:absolute destruction. Now, luckily, not
Speaker:just for Norwegians, but also for us Aussies, there
Speaker:is a way that once you own Bitcoin, you don't have to sell it
Speaker:to access liquidity. You can borrow against your Bitcoin without
Speaker:ever selling it. You keep 100% of the upside, you avoid
Speaker:capital gains tax here in Australia, and you get cash to
Speaker:use however you want. I know it sounds too good to be true, but
Speaker:I've personally used this tool to keep my stack working for
Speaker:me without selling. It's through a platform called Ledin.
Speaker:Now, if that sounds of interest to you, I've got a link in the description below,
Speaker:so go and check it out. Okay, so back to it. Is
Speaker:this a trend? Absolutely. Radical
Speaker:socialists or left-leaning governments are eyeing unrealized
Speaker:gains taxes to fund their spending sprees and redistribute
Speaker:the wealth. It's envy politics at its best. Punish
Speaker:the savers to feed the beast. Now examples, in
Speaker:the US, Biden's 2023 budget proposed a
Speaker:25% tax minimum on unrealized gains for
Speaker:billionaires, which is over, they classified as
Speaker:over $100 million in assets, right? It didn't pass, but
Speaker:the Dems absolutely love it. Colombia has
Speaker:a wealth tax that includes unrealized elements on net
Speaker:assets. Spain's solidarity tax on
Speaker:wealth, I just love that one, solidarity tax. They
Speaker:have a tax on this wealth over 3 million euros and
Speaker:it factors in unrealized valuations. Norway
Speaker:taxes wealth with mark-to-market on shares. Even
Speaker:the EU's pushing for harmonized wealth taxes.
Speaker:Socialists see cryptos rise and want their cut before you
Speaker:escape fiat. Why? Control dependency, fund
Speaker:green scams, welfare bloat, right? If
Speaker:you're stacking sats, this trend's an absolute red flag.
Speaker:Bitcoin's borderless, but taxes aren't. So
Speaker:guys, closer to home, the Australian Labor government
Speaker:tried this rubbish with Division 296 on
Speaker:your super, which is taxing unrealized gains over $3 million
Speaker:balances and an extra 15%. They backflipped
Speaker:after backlash. They scrapped this unrealized gain portion, delayed
Speaker:to a 2026, tiered rates, but if they
Speaker:had their way, They'd roll this out to
Speaker:assets outside Super 2. This is in their
Speaker:DNA. They hate people accumulating wealth.
Speaker:Chalmers and Albanese love fairness spin,
Speaker:and it's raiding your bag, right? Remember, they even brought
Speaker:this tax in on unrealized gains on Super, and guess
Speaker:who was exempt? The politicians, the bureaucrats, they
Speaker:were exempt. They love it for other people, but they
Speaker:hate it for themselves. Remember, they pressured
Speaker:super funds for green housing investments. Next
Speaker:step, unrealized tax on crypto property
Speaker:gains. If I've moved my super, to
Speaker:SMSF and all in on Bitcoin, this would have absolutely nuked
Speaker:it. It's absolute garbage. This was the catalyst for
Speaker:me even contemplating moving out of Australia. And that's why I've already
Speaker:gone down the path of obtaining a Plan B citizenship
Speaker:to get out of the tax grab that we're heading into
Speaker:under this government. But you know what? We actually do
Speaker:have a form of unrealized tax in Australia. It's
Speaker:called land tax, and all states in Australia have
Speaker:it, except for the Northern Territory. Now, it's an unimproved land
Speaker:tax value. It's basically just purely a
Speaker:tax on land. And you pay this every single year, even
Speaker:if you haven't sold the land. It is absolutely a regressive unjust
Speaker:tax. You may have heard about the recent Socialist Republic
Speaker:of Victoria land tax hikes, right? Some government employee
Speaker:just walks in and says, your land is worth hundreds
Speaker:of thousands of dollars more because of a rezoning. And
Speaker:instantly, you now have to pay tens of thousands of
Speaker:dollars, if not more, to Victoria's state coffers.
Speaker:It's a total basket case. Don't even get me started
Speaker:on the CFMEU corruption going on down there. We're talking billions
Speaker:and billions of dollars that are being siphoned under
Speaker:this big, big time corruption that is happening right now,
Speaker:not just in Victoria, it's happening right across Australia. So why does
Speaker:Labor hate its citizens? I hear you ask. I'm asking the
Speaker:same question all the time. Why would they do this? These socialist
Speaker:grubs are driven by pure envy and control freakery.
Speaker:They despise anyone getting ahead without big government's permission.
Speaker:Hard workers stacking sats or properties, they're the enemy, right?
Speaker:They want you to be dependent on handouts, voting for more
Speaker:welfare slush. It's absolutely class warfare. tax
Speaker:the rich, anyone with super over $3 million, right, to
Speaker:fund union mates and green pipe dreams. Albanese's
Speaker:mob cozies up with the bikies and the CFMEU scandals while
Speaker:raiding your retirement. I mean, that's absolute hate
Speaker:in the definition. They print fiat like mad, inflate away
Speaker:savings, then tax unrealized to fix the
Speaker:mess they made. And sovereign wealth? Nah. They
Speaker:want you poor and compliant. And the Greens, even worse.
Speaker:These eco-fascists would have you own nothing and
Speaker:be happy straight out of the WEF playbook. Ban
Speaker:and co. push wealth taxes, rent caps that
Speaker:crush supply, migration floods, jacking costs.
Speaker:Now if Greens ran the show, Bitcoin would be banned. They're
Speaker:control addicts hating freedom. Vote them in.
Speaker:Kiss sovereignty goodbye. You cannot vote for these socialists.
Speaker:We've torched the Dutch unrealized tax nightmare, the
Speaker:exit tax trap, its tyrannical grab, and
Speaker:the Bitcoin destruction example. Global socialist
Speaker:trends, Labor's sneaky push here, and why they
Speaker:hate us. This is the fiat endgame.
Speaker:Control your wealth before you use it. So to
Speaker:wrap, we must avoid such taxes at
Speaker:all costs, ensure Labor and the Greens are never
Speaker:ever elected, and vote for sovereignty parties just
Speaker:like One Nation who back crypto freedom. And
Speaker:I get it, I hate to say this, but you really need a
Speaker:plan B passport like immediately, like yesterday. Golden
Speaker:visa in Portugal, citizenship in Paraguay or Vanuatu. If
Speaker:these things get bad here, escape with your Bitcoin
Speaker:wealth intact. Self-custody borderless. Guys,
Speaker:you can see I'm absolutely passionate about these topics. I hate
Speaker:the fact that we Australians are
Speaker:just absolutely getting screwed. If you want to join me and talk more
Speaker:about this, but also find the solutions to get around the
Speaker:tax grabs and look at Plan Bs and sovereignty
Speaker:outside of Australia, come and join me free at the Crypto Collective.
Speaker:It's my online community. Come and join in the conversations there
Speaker:about the tips, tricks and strategies that I'm even personally implementing
Speaker:into my own life. Now leave some comments below. Tell me,
Speaker:do you love Labor's taxes or are you actually already
Speaker:looking at plan B's to escape out of Australia's tyrannical
Speaker:government and tax system? All right. Look forward to seeing you on the next episode. Take
Speaker:care. Hey, thanks for tuning into Crypto Collective. If you enjoyed this video,
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Speaker:if you're ready to level up your crypto journey, make sure to check
Speaker:out CoinStash. It's the platform that I trust to buy,
Speaker:sell, and hold crypto with ease. You can also find more
Speaker:of me at I'm Matthew Fraser on all social