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.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Corporate Taxes take Center Stage »
- Reporting, Rule Changes and Reversals… »
- Buying a Home at Auction: Key Questions and Considerations »
- Compliance Concerns Under Consideration »
- Securing Finance for Development Projects »
- Tax Headlines on Headline Taxes »
- How to start a Corporation in California? »
- VAT's (not) All, Folks! »
- Cyprus Trusts: Outline and Practical Approach »
- Compliance on the Cards »