D66 and CDA reach 'left-leaning' deal with PRO and Volt, but it remains to be seen if VVD will stomach a millionaire's tax
D66 and CDA have reached an agreement with PRO and Volt to secure a majority for next year's tax plans by implementing a new miljonairsbelasting. This compromise introduces an additional tax bracket for assets in box 3, allowing the VVD to concede while potentially maintaining its opposition on the record.
Coalition partners D66 and CDA have secured a legislative majority for next year's tax plans by forming a pact with the left-leaning parties PRO and Volt. This agreement secures necessary support in both the House of Representatives and the Senate by introducing a new tax measure aimed at millionaires. The deal includes the creation of an additional tax bracket within box 3, which applies a higher rate to assets such as stocks and real estate above a certain threshold, though the exact limit remains to be determined.
While the VVD initially opposed the introduction of a wealth tax, the party has now agreed to the compromise, with coalition partners suggesting the VVD may be allowed to vote against the measure to maintain its political stance. The agreed-upon tax rate for this new bracket will be lower than what was originally proposed by PRO and Volt, but the move successfully bypasses the earlier deadlock, ensuring the government's financial plans can proceed as intended.
Based on reporting by ad. Translated and condensed by LocalHeadlines.
