Taxation in Belgium - Taxation News & Information

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State Tax Revenues Still Unstable

Overall tax revenue figures for US states have risen for the second straight quarter in 2010, however total collections are still lagging behind their pre-recession levels, lending uncertainty to future results.

No Tax Cuts for UK Taxpayers

UK taxpayers’ hopes for any reduction to their tax burden have been dashed for the next several years, after comments made by a UK Treasury official.

Irish Tax Take Declines

Tax revenues in Ireland fell 9 percent during the first eight months of the year, though the national Minister of Finance maintains that the economic recovery is still at an acceptable level with several key taxes performing better than expected.

Mexico Clamping Down On Money Laundering

Mexico could soon implement heavy restrictions on the use of cash for large purchases, in an effort to hinder the nation’s overwhelming levels of money laundering.

Immigration to Boost Latvian Economy

In order to bolster economy activity and government revenues Latvia has relaxed several of its immigration restrictions in an attempt to bring in greater levels of foreign capital and skilled employees into the country.

Apr 7, 20100

OECD and COE to Amend International Tax Treaty

Categories: International Tax Cooperation, Offshore Banking, Offshore Taxation, Taxation in Belgium, Taxation in France, Taxation in Iceland, Taxation in Italy, Taxation in Netherlands, Taxation in Norway, Taxation in Sweeden, Taxation in UK, Taxation in USA

An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT). On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring it up to currently agreed upon standards of international tax transparency. The Convention, opened for signing in 1988, is an international framework which provides facilitation of multinational exchange ... Read More

Feb 4, 20100

European Commission Requesting Belgian Tax Change

Categories: Taxation in Belgium, Taxation in EU

The European Commission (EC) has formally requested that the Belgian Government alter its legislation regarding taxation of interest and dividends received by foreign investment funds. On January 28th the EC placed an official request to the Belgium Government to address its tax treatment of dividends and interest distributions to foreign owned investment funds, as it claims the current treatment is discriminatory and restricts the freedoms mandated by the Treaty of the European Union. Under current legislation, distributions made by a Belgian company to ... Read More