The minority coalition led by Prime Minister Rob Jetten faces collapse after a contentious "millionaire tax" bill passed on Thursday night. D66 and coalition partner CDA joined two left-wing opposition parties to push through a progressive measure that would tax asset returns above €60,000 per year at 38.5%, among the highest rates in the eurozone. Conservative VVD says the move breaches the coalition agreement and has threatened to withdraw from the three-party government; Jetten called an emer

The minority coalition led by Prime Minister Rob Jetten faces collapse after a contentious "millionaire tax" bill passed on Thursday night. D66 and coalition partner CDA joined two left-wing opposition parties to push through a progressive measure that would tax asset returns above €60,000 per year at 38.5%, among the highest rates in the eurozone. Conservative VVD says the move breaches the coalition agreement and has threatened to withdraw from the three-party government; Jetten called an emergency meeting Friday morning to try to salvage the coalition and avert early elections.