Are Pension Funds Supplanting Tax Competition in Belgium?
Recent articles in Belgium’s sister business papers De Tijd and L’Echo reported that the treasury centers and financing companies of some multinationals were decamping to Ireland, Luxembourg, or Switzerland. Has Belgium lost its position among the most tax competitive countries?
Following closely on the heels of the departures, the global professional service firm AON opted for Belgium as the location for its subsidiary Aon Hewitt Netherlands’ pension fund, much to the chagrin of the Dutch, who decry the unfair tax competition.
Are Pension Funds Supplanting Tax Competition in Belgium?, Tax Notes International, 24 September 2018, p. 1337