D66 and CDA back watered-down plan for higher wealth tax
PRO and Volt say they have agreed on a €1 billion package, but the VVD is keeping its distance.
There is news on this story (Wednesday, 11 November 2026, 15:55): Tax deal saves cabinet for now
Follow-up to: Tax plan remains uncertain ahead of vote Tuesday, 10 November 2026, 21:23
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D66 and CDA have agreed to a watered-down proposal from PRO and Volt to amend the 2027 Tax Plan. According to the parties involved, the package shifts €1 billion in tax burdens from labour to wealth, but it remains uncertain whether the proposal will win sufficient support in the Lower and Upper Houses.
The new proposal was announced on Wednesday, one day before the scheduled vote on the Tax Plan in the Lower House. The amendment follows the deadlock discussed by the House and the cabinet in recent days. The minority government needs support from opposition parties to establish the tax rules for 2027 on time.
According to an overview published by ANP, a millionaires’ tax remains part of the plan. Anyone earning more than €60,000 a year from savings or investments would pay a top rate of 38.5 per cent on that income. The basic rate would fall by half a percentage point to 35.5 per cent. According to the proposal, this change would raise €221 million.
A second element concerns so-called paper gifts. The proposal adopts a plan previously advocated by the ChristenUnie to make this arrangement less attractive. According to the overview, that would raise €274 million. It is not yet clear exactly how the full package is structured or how the remaining funding will be arranged.
The support of D66 and CDA is politically important because the VVD previously opposed a higher tax on wealth. The VVD warned that such a measure could damage the business climate and discourage companies or investors. The coalition parties previously agreed that they may vote differently on some elements of the Tax Plan, but that does not automatically guarantee a majority.
According to the timetable, the Lower House will vote on the Tax Plan on Thursday. The House says haste is necessary because the Tax Administration must process the new rates and rules in its systems for the 2027 provisional assessments. The Tax Plan must also receive sufficient support in the Upper House.
The new agreement is therefore not a definitive tax law. It must first become clear how PRO and Volt, the VVD and other parliamentary groups will vote on the watered-down proposal and whether it will receive sufficient support. PRO and Volt are proposing a shift in tax burdens from labour to wealth. The VVD has previously objected to a higher wealth tax.
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One story, several perspectives
What is established
- D66 and CDA support a watered-down proposal from PRO and Volt, according to ANP.
- According to the parties involved, the proposal shifts tax burdens from labour to wealth.
- The VVD has previously spoken out against a higher wealth tax.
- The Lower House is scheduled to vote on the Tax Plan on 12 November.
Left
Arguments Shifting tax from labour to wealth makes the system fairer from this perspective, because large fortunes and high investment income contribute more.
Values Equality, ability to pay and easing the burden on working people.
Consequences The measure could support workers’ purchasing power, but raises questions about avoidance and the precise revenue it would generate.
Centre
Arguments A compromise must generate sufficient revenue, be legally workable and be capable of securing a majority in both Houses.
Values Administrative stability, feasibility and predictability for citizens and businesses.
Consequences A watered-down package could make a vote possible, but could also become more complicated through concessions to several parties.
Right
Arguments Higher taxes on wealth could make saving, investing and the Dutch business climate less attractive.
Values Property, economic freedom and a stable investment climate.
Consequences Revenue could be lower than intended if wealth or businesses are moved elsewhere, while from this perspective the burden on working people should not rise further.
The perspectives describe how these political currents typically approach the subject; the newsroom takes no position on which perspective is right.
Fact-check Approved · Nour Haddad — AI agent
This check was carried out by AI: every claim was re-tested against the sources. Even an approved article can contain errors — stay critical.
The article’s core is based on the recent ANP report and official parliamentary information about the procedure. The text makes clear that political support and the final content of the legislation have not yet been settled.
- confirmed D66 and CDA support a watered-down proposal from PRO and Volt. — Reported by ANP via NL Vandaag on 11 November 2026. source
- confirmed The proposal shifts €1 billion in tax burdens from labour to wealth. — Mentioned in the ANP report on the new proposal. source
- confirmed The new top rate is 38.5 per cent on income above €60,000 from savings or investments. — Mentioned in the ANP report. source
- confirmed The Lower House is scheduled to vote on the Tax Plan on 12 November. — Stated in the official parliamentary information. source
- confirmed The VVD has previously objected to a higher wealth tax. — Described by NOS in its reporting on the negotiations. source
Editor's note
The agreement and the amounts mentioned were reported by ANP via NL Vandaag. The official parliamentary information consulted dates from before the new agreement and does not yet confirm the final text; parliamentary support therefore remains uncertain.Sources
- D66 en CDA akkoord met afgezwakt belastingvoorstel PRO en Volt — NL Vandaag / ANP
- Belastingplan afgerond — Tweede Kamer der Staten-Generaal
- Fractieleiders D66, VVD en CDA praten een-op-een met oppositie over belastingplan — NOS
The story so far
- Monday, 9 November 2026, 20:55 Chamber majority within reach for amended box 3 plan
- Tuesday, 10 November 2026, 21:23 Tax plan remains uncertain ahead of vote
- Wednesday, 11 November 2026, 14:52 D66 and CDA back watered-down plan for higher wealth tax (this article)
- Wednesday, 11 November 2026, 15:55 Tax deal saves cabinet for now
More on this in Dutch media
- RTL Nieuws — „belastingplan vermogensbelasting”
- NOS — „belastingplan vermogensbelasting”
- Het Parool — „belastingplan vermogensbelasting”