Capital Gains on Shareholdings: Developments in Belgium
One of Belgium's major selling points for many years was the absence of a capital gains tax for individuals. It does not have a wealth tax either. Therefore, Belgium was very attractive for wealthy individuals. Belgium's reputation as a harbor for tax exiles has been seriously dented in recent years, but things are looking better.
Capital Gains on Shareholdings: Developments in Belgium, Tax Notes International, 17 April 2006, p. 251