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Europe targeting small Member States
Europe is applying double standards in its analysis of tax policy in Belgium. The country is accused of making it easy for companies to avoid taxes by means of aggressive tax planning. Minister of Finance and the Combating of Tax Fraud Johan Van Overtveldt reacts with astonishment to the European criticism. “I have the impression that it is above all the smaller Member States that are being targeted,” says Minister Van Overtveldt.
Green light from the
In its criticism, the European Commission is targeting the notional interest deduction system, but Minister Van Overtveldt has just restricted that in the reform of corporate tax. In addition, Europe is also setting its sights on the innovation income deduction, a reform implemented on the recommendation of the OECD, which indeed also gave it the green light. “In the meantime, we have larger European countries that do indeed keep harmful tax systems in place. I have serious doubts regarding this situation,” Johan Van Overtveldt concludes.