Tax Freedom Day 2011
Stability in our tax legislation
This year 'first and foremost', we make a plea for stability in our tax legislation and especially the Notional Interest Deduction: it has put us back on the international scene, which is where we need to be to allow foreign investment coming in. The Notional Interest Deduction has clearly been responsible for creating the wealth and growth needed to keep Tax Freedom Day stable through the crisis.
Avoid a miserable reversal of fortunes
Professor Moesen of the Catholic University of Leuven analyses the various phases of public debt and focuses on the 'drivers' required to control it. Belgium's first obligation is to stay off the radar of the international markets and rating agencies. A series of objective public finance indicators reveals that Belgium is and should be only a remote candidate for rising interest rates.To reinforce this solid status – which is nonetheless vulnerable in the subjective international perception – concrete proposals are needed:
- Frank Dierckx
- Managing Partner Tax
- Tel: +32 (2) 710 4324
- Saskia Rademakers
- Marketing & Communication Director
- Tel: +32 (0)2 710 7248
