id_home_story

NVP: Growing steadily in a turbulent world

Tue, 14 Apr 2026 11:20:43 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Felix Zwart, Director of Research, Dutch Association of Private Equity Firms (NVP)

Last week saw the publication of the annual Dutch Private Equity Report by Forvis Mazars. The report paints a picture of a private equity sector that, in uncertain times, is consciously choosing to focus on what it can control.

Han Dieperink: The SFDR is dead, long live the SFDR!

Thu, 02 Apr 2026 06:01:57 +0200

_{This column was originally written in Dutch. This is an English translation.}

The European Commission is working on a successor to the SFDR. In doing so, Brussels implicitly acknowledges that the current sustainability rules for investors are not working.

By Han Dieperink, written in a personal capacity

Nickel: Regulator action is driving increased digital asset investment

Wed, 01 Apr 2026 09:13:50 +0200

Improvements to digital asset regulatory frameworks are the main reason convincing professional investors to take their first stakes in the sector, according to new global research by Nickel Digital Asset Management (Nickel).

Harry Geels: Five fallacies held by supporters of a high inheritance tax

Thu, 02 Apr 2026 10:04:25 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Harry Geels

In virtually all Western countries, the debate over inheritance tax – with grand talk of ‘fairness’ and ‘equal opportunities’ – is flaring up once again. This is remarkable, as for decades inheritance tax had been relegated to the political sidelines due to its unpopularity among voters. But anyone who examines the current debates will see that many of the arguments are based on fallacies.

Pim Rank: Farewell to the bearer share

Mon, 30 Mar 2026 06:01:19 +0200

_{This column was originally written in Dutch. This is an English translation.}

Since 1 January 2026, individual bearer shares in a public limited company have been a thing of the past. Individual bearer shares that were not surrendered to the company on that date have since become nothing more than (in principle worthless) pieces of printed paper.

By Prof. Pim Rank, Solicitor at NautaDutilh in Amsterdam and Professor of Financial Law at Leiden University

IVBN: Mid-range rentals, the social key to our housing sector

Fri, 13 Mar 2026 10:52:15 +0100

_{This column was originally written in Dutch. This is an English translation.}

Mid-range rentals are not a luxury, but a necessity. This segment represents affordable housing, forms a crucial link for mobility, and above all provides housing for people with middle incomes. This is especially true for key workers, the vital professional groups that keep our society running.

By Judith Norbart, Director, IVBN

Harry Geels: Polarisation over box 3 – take a breath and zoom out

Tue, 17 Mar 2026 10:56:58 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Harry Geels

In recent weeks, there has been much discussion on social media about the House of Commons' approval of the new Box 3 tax. The debate has been highly polarised. However, there are five broader perspectives that have hardly been discussed.

Harry Geels: Where to emigrate for tax purposes after Box 3 plans?

Tue, 24 Feb 2026 09:48:50 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Harry Geels

The adoption of the new Box 3 tax, which also taxes unrealised gains on shares, has caused considerable outrage. More and more Dutch citizens are considering (tax) emigration. In addition to the usual suspects such as Switzerland and the United Arab Emirates, there are also three attractive countries within the EU.

Joeri de Wilde: Leaving the super-rich untouched is a danger to democracy

Tue, 17 Mar 2026 10:57:03 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Joeri de Wilde, Senior Economist at Triodos Investment Management

The government is going to “get thing done”, but not about wealth inequality. Not only are the ultra-rich being left untouched, they are even being helped to pay even less tax. This means the country will remain locked in its current situation.

Han Dieperink: Box 3, a missed opportunity of historic proportions

Tue, 17 Feb 2026 11:03:45 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Han Dieperink, written in a personal capacity

The House of Representatives has spoken. With ninety votes in favour, the Actual Return Box 3 Act has been passed. From 2028 onwards, Dutch citizens will pay tax on their actual capital gains rather than on a notional percentage. Problem solved, one might think. Nothing could be further from the truth.

Anton Kramer: What does the performance test still assess?

Tue, 10 Feb 2026 08:01:01 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Anton Kramer, Co-Founder of OverRendement

The new performance test has been under consultation in recent months. Because participation in industry pension funds is mandatory, legislators understood early on that performance must be monitored through supervision and testing rather than through competition. But anyone who takes a closer look at the proposed test will find it difficult to avoid the question: what are we actually testing?

Danny Dieleman: One loan, two different capital requirements

Wed, 04 Feb 2026 08:26:08 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Danny Dieleman, Wholesale Banking Director Capital Treasury, ING

Private credit is growing rapidly, and banks are increasingly facing competition from insurers and alternative lenders. It is striking that banks and insurers have different capital requirements for the same loan. This raises the question of how this is possible. Is this a flaw in the system, or is it actually a clever design?

Mashid Mojabi: Persistence pays off!

Wed, 04 Feb 2026 08:27:07 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Mashid Mojabi, Policy Lead, Dutch Association of Private Equity and Venture Capital Funds (NVP)

The European single market promises free movement of capital, but for private equity and venture capital fund managers, offering and managing funds across borders remains complex and costly in practice.

Harry Geels: Capital (gains) tax is a fiscal chimera

Tue, 24 Feb 2026 09:48:45 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Harry Geels

Last week, the House of Representatives once again discussed a capital gains tax. The current proposal is a fiscal chimera for five reasons. For example, equity investors will soon face a significant and real risk that their capital gains will be completely taxed away.

VCP: Fundamentele bezwaren bij wetsvoorstel box 3

Fri, 16 Jan 2026 13:12:06 +0100

De Vakcentrale voor Professionals (VCP) roept de Tweede Kamer op de staatssecretaris van Financiën te bewegen het wetsvoorstel Wet Werkelijk Rendement Box 3 in te trekken en met een beter voorstel te komen. Het wetsvoorstel lost de problemen in box 3 niet op, maar vergroot ze. Op maandag 19 januari bespreekt de Vaste Commissie Financiën het wetsvoorstel.

IVBN: Calm in politics, dynamism in the country

Thu, 15 Jan 2026 10:01:15 +0100

_{This column was originally written in Dutch. This is an English translation.}

Speed and stability are key words in the formation of the cabinet. This offers opportunities: the calm of a stable cabinet provides scope to look beyond numbers and work on solutions that will structurally improve the housing market.

By Judith Norbart, Director, IVBN

IVBN: Brussel zet deur open voor meer betaalbare huurwoningen

Wed, 17 Dec 2025 10:05:49 +0100

Gisteren besloot Brussel om staatssteun voor middenhuur mogelijk te maken voor alle marktpartijen.

Brancheorganisaties: Zonder beter investeringsklimaat blijft er een woningtekort

Thu, 11 Dec 2025 09:26:33 +0100

In reactie op de agenda die de informateur en de fracties van D66 en CDA aan de Tweede Kamer hebben aangeboden en opvolgend op de eerder geluide noodklok, presenteren vijf strategische woonpartners (Aedes, IVBN, NEPROM, Professioneel Platform Vastgoed en Vastgoed Belang) een concreet maatregelenpakket om het investeringsklimaat op de woningmarkt snel te verbeteren.

ESG Support: Wat zijn de eerste reacties op de herziene ESRS?

Tue, 09 Dec 2025 10:18:29 +0100

Door: Bas Knol, founder ESG Support

Op 3 december 2025 heeft EFRAG advies over versimpelde European Sustainability Reporting Standards (ESRS) aan de Europese Commissie uitgebracht. De eerste reacties op de herziene ESRS laten een verdeeld beeld zien, met zowel positieve geluiden over de lastenverlichting als kritiek op mogelijke informatieverlies voor beleggers en een grotere kans op greenwashing.

Anne Kuijken (AF Advisors): Do stricter labels lead to more sustainable decisions?

Tue, 09 Dec 2025 10:29:30 +0100

By Anne Kuijken, Director Legal and Regulatory Solutions

The debate about the sustainability of the current SFDR classification has become increasingly heated in recent years. The system set out in Articles 6, 8 and 9 did not provide a clear lower limit or uniform definition of sustainability. As a result, it did not give investors sufficient guidance and did not lead to a demonstrable shift of capital towards sustainable activities.

Pim Rank: Euronext versus Euroclear - the winner takes it all?

Wed, 25 Feb 2026 08:59:08 +0100

^{This column was originally written in Dutch. This is an English translation.}

Euronext wants to settle transactions carried out on its stock exchanges through its own securities depository. The question is whether this will benefit the market.

By Prof. Mr. W.A.K. Rank, Solicitor at NautaDutilh in Amsterdam and Professor of Financial Law at Leiden University.

ESG Support: Wat betekent SFDR 2.0 voor institutionele beleggers?

Tue, 25 Nov 2025 15:39:42 +0100

De herziene Sustainable Finance Disclosure Regulation (SFDR 2.0) van de Europese Commissie stelt een ingrijpende verandering van de SFDR voor. De bestaande Artikel 8- en Artikel 9-labels maken plaats voor drie nieuwe productcategorieën, gebaseerd op strikte minimumeisen voor duurzame beleggingen. In dit artikel worden de belangrijkste veranderingen, de nieuwe productcategorieën en wat beleggers nu al kunnen doen besproken.

Door Bas Knol, ESG Support

Principal AM: Beoordeling van de kortetermijnstimulus van de OBBBA

Wed, 19 Nov 2025 12:06:44 +0100

De One Big Beautiful Bill Act (OBBBA) zorgt voor een kortstondige maar aanzienlijke fiscale impuls. De structuur is front-loaded, met belastingverlagingen en investeringsstimulansen met terugwerkende kracht tot 2025 en een piek in 2026.

DNB: The case for policy coordination

Tue, 11 Nov 2025 15:54:59 +0100

'Since monetary and fiscal policy inevitably interact, our responsibility to coordinate them grows with every new challenge we face,' said Olaf Sleijpen in his opening remarks at the Annual Research Conference of De Nederlandsche Bank, on 11 November 2025.

#WeAreEurope: Due diligence goed voor het bedrijfsleven

Mon, 03 Nov 2025 09:03:05 +0100

Europese bedrijven nemen duurzaamheid serieus en willen niet dat de EU-regels rond due diligence ingrijpend worden veranderd. Dat blijkt uit een nieuwe enquête van #WeAreEurope in samenwerking met de Wageningen Universiteit.