The Netherlands: 60 new laws & rules take effect in the Netherlands from January 1

With a new year comes a host of law changes, new rules, and regulations to be implemented in the Netherlands. The Dutch government is enforcing dozens of these new laws as of January 1, 2021. Every year, NL Times compiles a roundup of these rule changes for non-Dutch speaking people.

An important basic income tax rate will fall slightly, minimum wage will rise slightly, and people with savings and investments will be able to claim a higher exemption from the income tax on Box 3 assets. All told there are about 15 different changes coming into effect next year, and nearly all of them will affect a person's net earnings and tax payments in 2021.

A 12 percent increase on the tax airline passengers pay when flying from Dutch airports, a change in the tax scheme on car purchases, and a tax discount for those buying an electric car with solar panels are among the seven different changes coming into effect next year. Classic car fans with a love for cars made before 1971 will no longer have to get their vehicles inspected.

Read more at: 60 new laws & rules take effect in the Netherlands from January 1 | NL Times

EU- US- Double Citizenship: Europeans scramble for bank access due to US Tax law

A US tax reporting law has created major headaches for thousands of Europeans across the continent. Unless lawmakers find a last-ditch solution, they risk having their bank accounts closed out in the next few months.

Read more at:
https://www.dw.com/en/europeans-scramble-for-bank-access-due-to-us-threats/a-51136862

Social evils wrought by capitalism, unchecked by government - by Rick Lowe

Neither the Democrats or the Republicans pass the smell test on this one and the sooner they admit to Washington's culpability in the whole mess the better. Turning it into a tax the rich campaign is just foolhardy. David Brooks of the New York Times is reported to have said that even if the US government taxes away 50% of the income of those that earn $1 to $50 million, the national debt will only be reduced by 1%.

Yet, the Democrats are pushing even more crony capitalism to fix the problem that it created in the first place. Go figure?

To suggest that capitalism is unchecked by government laws and regulations is just bunkum.

For more: Social evils wrought by capitalism, unchecked by government - WeblogBahamas.com