Belgian future PM Puts Reforms on Table

The Belgian State Gazette on November 10 published the law of November 7, 2011, which updates rules relating to the taxation of capital gains on fixed assets, bank secrecy, and wage withholding tax.

At a July 4 news conference in the Belgian Parliament, Walloon Socialist Party leader Elio Di Rupo, recently appointed by King Albert II to lead the formation of a coalition government, announced a five pronged reform package that includes numerous new tax proposals.

Di Rupo, as the newly appointed formateur, and the future prime minister, has asked the other political parties to decide whether they want to pursue government formation talks on the basis of the proposals. (read the full article).

Author: Marc Quaghebeur

Marc Quaghebeur is a Belgian tax lawyer with Cabinet DAVID specialising in international tax issues and cross border estate planning. He is a member of the Brussels Bar and the Society of Trust and Estate Practitioners. He

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