South Korea Proposes Taxing Unrealized Gains as US, Dutch Plans Target Billionaires

South Korean lawmakers and labor groups proposed folding unrealized gains on stocks and real estate into income tax at a forum hosted by the ruling Democratic Party. According to BeInCrypto, the Netherlands’ Lower House passed the Box 3 Actual Return Act on February 12 to tax annual paper gains on stocks, bonds and crypto at a flat 36% from 2028, though the finance minister said on February 25 it needs amendments and Senate approval. In the US, Sen. Ron Wyden’s Billionaires Income Tax would mark tradable assets to market annually, with Reps. Steve Cohen and Don Beyer introducing a House companion; Sen. Elizabeth Warren also reintroduced the Ultra-Millionaire Tax Act.