Netherlands' new box 3 tax forces investors to track profits: 'one big chaos'

• —Dutch banks say they need 18 months to adapt IT systems and refuse to calculate client profits
• —Finance Minister Eelco Heinen: burden of proof lies with the taxpayer, every trade may need to be recorded
• —Crypto and physical gold/silver will stay under accretion tax in 2028–2029, not realized gains tax
• —Each year of delay costs the budget about €2.4 billion