Dutch prime minister Rutten today: the tax level of 1.2% will be replaced:
The imaginary return will be recalculated on a yearly basis. For the 5.5% the 5 yearly rate of intrest will be used in combination with the evolution of a basket of stocks.
- 1.65% taxes for those who have more than 1 million euro (imaginary return 5.5% in which 30% taxes)
- 1.41% taxes for those who have more between 100.000 and 1 million euro (imaginary return 4.7% in which 30% taxes)
- 0.87% taxes for those who have less than 100.000 euro (imaginary return 2.9% in which 30% taxes)
This will start from 2017. So for 2016 no changes, 30% on 4% return.
Meanwhile you're paying what in Belgium? 50%? Or are you not totally transparent to the taxman? That would explain why you're sweating bullets about the FACTA-agreements.