In looking over the Dutch 2001 tax changes booklet from the Belastingdienst, I see something in discussions of "Box 3" I do not fully understand.
Much of the discussion seems to relate to income on "assets" - investments and the like. And there is a test on the total value of "assets" that seems to determine whether any tax is paid at all on "assets".
But I think I also see something about a tax on the "assets" themselves! Primary home, car, furniture, etc. are exempted. But it looks as though everything else is included in the valuation.
As an U.S. expat, I have to ask:
1. What is included in these "assets" that are taxed?
2. Are IRA and 401K investments exempted?
3. Just what are the rules for "Box 3"?
Thanks...Gary (concerned in North Holland)