Many taxes, few savings

27 November 2011

N-VA-Chairman Bart De Wever considers the budget agreement concluded by the governmental negotiators to be particularly disastrous. Indeed, two-thirds of it is based on extra taxes, with only one-third of it based on actual savings. In other words, the negotiators have done the exact opposite of what Europe is requesting. The heavy burdens that companies will have to bear threaten to exacerbate the economic crisis even further, resulting in job losses. What’s more, the structural reforms - which are so essential - are few and far between, and are being passed on to the government that will follow this one. As a result, Di Rupo I will be a government with a Flemish minority that primarily implements new taxes, which will to a large extent be paid by the Flemish.

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