New Belgian Government Announces Tax Plans
Belgium's new center-right coalition government led by Prime Minister Charles Michel on October 9 announced tax measures in its coalition agreement, including a "look-through tax" on trusts and foundations, an expansion of the VAT, changes to the corporate and individual tax systems, and a restriction of the "catch-all" provision for taxing income of nonresidents.
The agreement calls for about €8 billion in spending cuts and €2 billion in new taxes annually to balance the budget by 2018.
New Belgian Government Announces Tax Plans, Worldwide Tax Daily, 16 October 2014, 200-2
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