Take the money wherever it is – Trends-Tendances sur PC

Belgian government debt continues to grow. It is now €47,000 per inhabitant and increases by €50 per second. Belgium will soon become the second country after Romania to record the largest budget deficit. Last year, the net worth of Belgians was estimated at 1,200 billion euros, or about 100,000 euros per inhabitant. If we start from the principle that the active Belgian has to settle the public debt “one day”, and if we divide its value by the number of active people, then this debt amounts to 94 thousand euros per inhabitant. In other words, after deducting his share of the public debt, the active Belgian became “rich” by an average of 6000 euros. We will burn unless. It is clear that averages mask poverty and focus.

Belgian government debt continues to grow. It is now €47,000 per inhabitant and increases by €50 per second. Belgium will soon become the second country after Romania to record the largest budget deficit. Last year, the net worth of Belgians was estimated at 1,200 billion euros, or about 100,000 euros per inhabitant. If we start from the principle that the active Belgian has to settle the public debt “one day”, and if we divide its value by the number of active people, then this debt amounts to 94 thousand euros per inhabitant. In other words, after deducting his share of the public debt, the active Belgian became “rich” by an average of 6000 euros. We will burn unless. It is clear that averages mask poverty and concentration of wealth. How can this heavy burden be placed on more active Belgians? Other players must compulsively put their hands in their pockets. Many readers will remember the slogan of the extreme left: “You have to look for money wherever it is, in banks and holding companies.” I repeated it myself when I was studying at university. Young people left heart. But many of Vivaldi’s partners who fail to mature defend a suite of wealth taxes. However, due to globalization, the funds of “banks and holding companies” are volatile. So the approach must be global. A good example of this is the introduction of a minimum tax of 15% on profits. Multinational corporations and their subsidiaries with annual revenues exceeding 750 million euros and which are active in more than one EU country are required to declare the amount of taxes they pay in each member state. The information will also be available online. The EU directive must be converted into national law within the next 18 months for the Corporate Tax Transparency Act to come into effect around mid-2024. Inter-municipal companies should expect many changes. The politicization of the sector, and the presence of politicians on the board of directors, allowed municipal companies to escape taxes for a long time (Law of December 22, 1986). Recurring scandals, including the Nethys scandals, have highlighted the staggering revenues of many of the inter-municipal corporations. The Constitutional Court has ruled unconstitutional the tax exemption that allows municipal corporations conducting commercial activities to be preferable to the private sector. Since this ruling, municipal companies that carry out economic activity and compete with private companies must pay corporate tax. So concrete measures have already been taken with regard to multinational companies and inter-municipal companies. It remains to be seen why unions remain so elusive. The answer is simple: because they constitute a de facto association, they do not exist in the eyes of corporate law. Yes, they can own accounts and even justify having offshore accounts – it is not even known if they actually pay tax on securities accounts. But they argue that the goal is to prevent the government from getting its hands on that money. For the same reasons, they are not subject to the tax transparency directive mentioned above, they are not responsible and nothing is known about their financial ability. Guild fighting would probably be more credible if they set a good example. Won’t the parties of the left and the far left put this point on the agenda?

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