Belgium Puts Corporate Tax Rate Under Review in Budget Deal

Belgium reached a budget deal as officials agreed to enact spending cuts in hospitals and administration and raise the tax on dividends and coupon payments as a conflict about a levy on investment gains put plans to cut the tax rate on corporate profits on hold.

“Supporting economic activity and employment is the best guarantee to finance our social protection in the long run,” Prime Minister Charles Michel told reporters at a briefing in Brussels on Saturday. “Hence no tax increases on consumption, on people who work, no cuts in unemployment benefits.”