Government agrees on budget and tax shift

Prime Minister Michel announced that his Government had reached an agreement on the budget for 2015 and 2016 and on a “tax shift” of €7.2 billion.  The government had to find an additional € 978 million to balance the budget for this year and to reduce the deficit to 2.5 percent as promised to Europe. An additional € 800 million …

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 …