The Dutch House of Representatives has advanced a proposal to impose a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The bill, which passed with 93 votes in favor, targets savings accounts, cryptocurrencies, and equity investments, applying the tax regardless of whether the assets are sold. Exemptions include equity in qualifying start-ups and physical property used for non-investment purposes. Critics argue the tax could drive capital out of the Netherlands, as investors seek more favorable tax environments. The bill must still pass the Dutch Senate and, if approved, will take effect in the 2028 tax year. Concerns have been raised about potential capital flight, with comparisons drawn to France's similar tax policy in 1997, which led to an exodus of entrepreneurs.