Politicians have forgotten how to cut spending. As a result, not only is the government getting bigger, but healthcare and Social Security are increasingly crowding out investment in the future. So it’s time for a major reform program. But how do you turn the tide?...
tax
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More money to defense and cuts in health care. Those are the broad outlines of the Central Planning Bureau's run-through of political parties' plans. But what does the small print say?
People with stocks and real estate in Box 3 will have to pay more than 30% more tax on them next year. The tax authorities assume that they make a 7.78% return on their assets. But a survey by Hollands Welvaren shows that is not at all realistic for large groups of wealthy people....
Dutch people who own shares, real estate and other Box 3 assets are going to pay substantially more tax next year. In total, they will pay 1.3 billion euros more tax, according to an appendix to the Tax Plan....
An influential group of officials is advising a coming administration to cut 7 billion euros to keep public finances healthy. In doing so, they are deliberately shifting part of the problem of aging to the future. Is that wise?