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IMF Proposes Reforms For Belgium

by Ulrika Lomas, Tax-News.com, Brussels

03 March 2020


Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country.

The Fund highlighted that implementing further tax reforms "could provide space to reduce labor costs in a budget neutral way." The tax wedge in Belgium remains among the highest in Europe, it pointed out. It recommended a review of tax policies that reduce incentives for women to return to the workforce.

The IMF also recommended that authorities in Belgium could simplify and make more neutral tax on capital.

TAGS: tax | Belgium | tax incentives | budget | International Monetary Fund (IMF) | tax rates | tax reform | individual income tax | Europe

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