The recent tax reform dispute has exposed deep fissures in the Dutch minority coalition of D66, VVD, and CDA. Prime Minister Rob Jetten’s D66 and the CDA struck a last-minute deal with left-leaning opposition parties including Pro and Volt to secure passage of a wealth-tax amendment, prompting the VVD to vote against its own government’s budget plan and accuse partners of breaching the coalition agreement. This triggered immediate crisis talks, with the VVD declaring the current arrangement untenable and demanding a fundamental reset while the prime minister called for improved cooperation across policy, politics, and personal relations. Although marathon negotiations on November 13 produced an agreement to pursue a fresh start, the episode highlights ongoing ideological divides over fiscal priorities and reliance on opposition support in a fragmented parliament. These tensions sustain trader consensus around a slight majority probability of collapse before year-end.