About shifty tax shifts

The buzz word in Belgian politics these days is ‘tax shift’. Forget about reducing taxes or cutting expenditure, the tax burden is to be shifted. The question is how and where. For many years, AmCham Belgium has been lobbying the government to reduce employment costs. As Eurostat’s figures show, Belgium has the highest labor cost within the eurozone, and within the …

UK 2014 Autumn Statement

On 3 December 2014, the Chancellor delivered his 2014 Autumn Statement. There are some unpleasant surprises for non residents who will have to pay Capital Gains Tax on residential property. Capital Gains Tax for Non-Residents Owning UK Residential Property Non-residents who own residential property in the UK will be liable to Capital Gains Tax. The charge will apply to disposals …

Belgian Politics and The 2012 Budget

Belgian Socialist Party leader Elio Di Rupo, who is in charge of forming a new government, announced on November 27 that he has clinched the 2012 budget. There is no way back. On November 25 Standard & Poor’s downgraded Belgium’s credit rating from AA+ to a mere AA. This could lead to higher interest rates and a downward financial spiral. …