Brys, Bert - In: Reflets et perspectives de la vie économique XLV (2006) 3, pp. 39-52
The Dutch tax reform of January 1, 2001 replaced the progressive personal income tax on dividend, interest and rental payments by a presumptive capital income tax on the value of the assets net of liabilities. The tax code assumes that personally held assets earn a return of 4%, which is taxed...