Tax crisis in the Netherlands. The government is on the verge of disintegration, the country may hold elections

The minority coalition formed nine months ago in the Netherlands is on the verge of disintegration due to tax policy.

Centre-line Rob Jetten, the country's youngest prime minister, is rallying with his partners to keep his government afloat.

The political conflict that broke out in the fifth largest economy of the European Union (EU) has brought the possibility of early elections to the agenda again in the country.

Jetten's party, D66, which took office after a knife-edge election victory, had formed a three-way coalition with the center-right CDA and the right-wing VVD.

After months of complicated debates over tax regulations, all hell broke loose when D66 and CDA compromised with the opposition left-leaning PRO party.

This move angered the VVD on the right wing of the coalition.

VVD leader Dilan Yeşilgöz, who is also the Minister of Defense, reacted by saying that if his partners act with the opposition, a "fundamental renewal" will be required in the coalition.

Yeşilgöz said, "In our opinion, we were caught unprepared by a proposal that endangers the stability, economic growth and business environment of the Netherlands."

After day-long discussions in the parliament on Thursday, the tax agreement was accepted by a narrow majority.

However, the VVD's vote against its own government's policy shook the entire foundation of the coalition.

Prime Minister Jetten, who acknowledged the need for a "serious new start" over the developments, called Yeşilgöz and a senior CDA official to meet on Friday morning in search of a final solution.

Jetten, 39, had limited political room for maneuver from the start, with the coalition having only 66 seats in the 150-seat parliament.

The minority government always has to get the support of small parties or the opposition in order to pass a law in the parliament.

Fifteen different parties are represented in the Dutch parliament, from organizations that defend the rights of citizens over 50 to the farmers' party.

Due to this fragmented structure, the passage of any law in the country is only possible after months of conflict and difficult compromises.