According to CoinMeta, the minority governing coalition led by Dutch Prime Minister Rob Rutte is facing a crisis of collapse. Due to a controversial "millionaire tax" bill, serious disagreements erupted within the coalition. On Friday morning local time, Rutte urgently convened his coalition partners in a meeting in an attempt to save the joint government and avoid early elections. The crisis stemmed from a vote on Thursday evening. Rutte's center-left party, the "D66" ( D66 ), joined forces with coalition partner the "Christian Democratic Party" ( CDA ) and two left-wing opposition parties to forcefully pass a progressive bill aimed at shifting the tax burden to the wealthy. The bill proposes to impose a 38.5% tax on annual asset returns exceeding 60,000 euros, which is considered one of the highest tax rates in the eurozone. This move has thoroughly angered the conservative "People's Freedom and Democracy Party" ( VVD ) within the coalition. The "D66" party accused this move of violating the coalition agreement and threatened to withdraw from the three-party alliance.