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Opinion - by Prof. Bruno COLMANT, Ph.D., Member of the Royal Academy of Belgium
Undeniably, a fiscal rebalancing in favor of reducing labor taxation is necessary, which is why the government is considering taxing financial capital gains. However, this represents one of the most significant breaks with the philosophy of personal income taxation established by the 1962 legislator, which led to the creation of the Code des Impôts sur les Revenus (CIR – Income Tax Code). And the name says it all: capital gains are not taxed in Belgium (except in rare cases) because income is already heavily taxed. Labor income quickly reaches a marginal tax rate of 50%. At the same time, stock dividends are subject to corporate tax and a withholding tax (which can be further...
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