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The Netherlands is still inherently an agricultural country, which produces a colossal result by surface area, placing it second in the world ranking for agricultural and horticultural product exports. The Dutch farmers and horticulturists form the historical platform of a prosperous Netherlands. However, the globalist Rutte/Kaag government, following World Economic Forum policy, has implemented the plan to liquidate/buy out a significant part of these farmers and agricultural companies.
In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency, following on from the three-year lock-in rule imposed on retirement annuities earlier this year.