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29 Jan 2025 à 06:00
Tax
Investment deduction: new rules since 1 january 2025
The Federal legislator reformed the Belgian Investment Deduction (ID) regime through the Act of 12 May 2024 containing various fiscal provisions (Dutch/French). This new regime has been in effect since 1 January 2025 and applies to fixed assets acquired or created from that date. In support of this reform, the Federal Government issued two Royal Decrees on 20 December 2024, published on 30 December...
02 Jan 2025 à 08:38
Tax
Harmful Tax Practices - OECD/G20 Base Erosion and Profit Shifting Project action 5
Under the BEPS Action 5 minimum standard, members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) have committed to counter harmful tax practices with a focus on improving transparency. Context One part of the Action 5 minimum standard is the transparency framework for compulsory spontaneous exchange of information on certain tax rulings. The exchange on tax rulings is a critical tool...
10 Dec 2024 à 05:00
Apps, Cloud & Digital
Generative Artificial Intelligence (AI) : impact on regional local jobs markets ?
Generative Artificial Intelligence (AI) will impact regional local job markets differently across OECD countries, exacerbating existing urban-rural income and productivity gaps as well as the digital divides between regions, according to a new OECD report. Job Creation and Local Economic Development 2024 finds that, following a decade of employment growth, over half of OECD regions had reached employment rates above 70% by 2023, with more...
07 Dec 2024 à 05:01
Politics & Economy
Economic Outlook: Global growth to remain resilient in 2025 and 2026 despite significant risks
The global economy is projected to remain resilient despite significant challenges, according to the OECD’s latest Economic Outlook. The Outlook projects global GDP growth of 3.3% in 2025, up from 3.2% in 2024, and 3.3% in 2026. Inflation in the OECD is expected to ease further, from 5.4% in 2024 to 3.8% in 2025 and 3.0% in 2026, supported by the still restrictive stance of...
29 Nov 2024 à 05:00
Environment & Mobility
EU continues to be a global leader on sustainable finance
More than three years after the first transaction of our NextGenerationEU (NGEU) Green Bonds, the EU has issued more than €65 billion of NGEU Green Bonds, setting the EU on track to becoming the largest issuer of Green Bonds in the world. In line with the announcement of President von der Leyen in her State of the Union address of 2020, the European Commission will...
24 Nov 2024 à 05:00
Management & Organisation
Evaluation of the EU competition rules on technology transfer agreements
The European Commission has on 22 november 2024 published a Staff Working Document (‘SWD') that summarises the findings of its evaluation of the Technology Transfer Block Exemption Regulation (‘TTBER') and the accompanying Guidelines on the application of Article 101 of the Treaty to technology transfer agreements (‘Guidelines'). Why ? The aim of the evaluation was to gather evidence on the functioning of the...
23 Nov 2024 à 05:00
Tax
OECD Tax Revenues Hold Steady Amid Rising Spending Pressures
The average level of tax revenues among OECD countries was largely unchanged in 2023 as governments sought to ease cost-of-living pressures amid growing spending challenges related to climate change and ageing populations, according to a new report released today.Revenue OECD (2024), Revenue Statistics 2024: Health Taxes in OECD Countries, OECD Publishing, Paris, https://doi.org/10.1787/c87a3da5-en. Revenue Statistics 2024 shows that the average tax-to-GDP ratio for OECD countries...
15 Nov 2024 à 05:00
Environment & Mobility
Progress in national climate policy efforts remains insufficient to achieve 2030 targets
27 Oct 2024 à 04:00
Politics & Economy
COP29: MEPs set out their vision ahead of this year’s global climate talks
A few days ago, the Committee on the Environment, Public Health and Food Safety adopted its demands for the UN Climate Change Conference COP29. The resolution, adopted with 54 votes in favour, 23 against and four abstentions, calls on all countries to agree on a post-2025 new collective goal on climate finance at COP29. This goal should be socially fair, aligned with the polluter-pays principle,...
26 Oct 2024 à 04:00
Politics & Economy
For co-ordinated approaches on climate action, carbon pricing, and policy spillovers
Five international organisations today released a landmark report that outlines pathways for co-ordinated approaches on climate action, carbon pricing, and the cross-border effects of climate change mitigation policies with a view to achieving global climate goals.Ins and outs The report was presented on 23 October by the Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers, convened by the World Trade Organization and...
26 Oct 2024 à 04:00
Business & Law
Applying the European sustainability reporting standards
The European Commission is hosting a one-day seminar entitled ‘Supporting companies in applying the European sustainability reporting standards (ESRS)’ on 15 November 2024. The seminar will bring together experts and practitioners from Member State representations, business and trade associations, companies, consultancies, auditors and other stakeholders. Building on the Commission’s expert dialogue, held on 16 May 2024, the event will further explore the key challenges...
10 Oct 2024 à 06:00
Bank, Insurance & Finances
"Recovery Rooms" fraud : the FSMA sound the alarm
The FSMA is again warning the Belgian public against certain companies suspected of recovery room fraud. Recovery room fraud is a practice whereby fraudsters offer to help victims of investment fraud to obtain compensation for their losses or to recover their lost assets. Generally, the fraudsters contact their victims by phone or by e-mail. The FSMA has noted, however, that victims sometimes come into contact...
08 Oct 2024 à 08:30
Business
Report on EU trade policy's implementation and enforcement
Enforcement of trade policy delivers prosperity and growth for EU companies The value of EU trade covered by the vast network of 42 agreements with 74 partners in place in 2023 was more than €2.3 trillion, having risen by over 30% over the past five years, according to the Annual Report on the implementation and enforcement of EU trade policy published today. EU exports to...
08 Oct 2024 à 04:00
Politics & Economy
Central bank losses: causes and consequences
Central banks globally have recently shifted from reporting profits to recording sizeable losses. This article looks at why these losses are occurring and their potential consequences. Can central banks continue to operate efficiently? What do these losses imply for state budgets?Article published in the Economic Review of 2024El Joueidi, S. / Vincent, E. / Wauters, J.Since 2019, Economic Review articles have been published...
07 Oct 2024 à 06:00
Tax
Tax policy evolving : point of view, by OECD
from crisis management towards long-term fiscal priorities A trend of decreased taxes on businesses and individuals during the pandemic and the subsequent inflationary period is now showing signs of deceleration and reversal, according to a new OECD report. Working with over 100 countries, the OECD is a global policy forum that promotes policies to preserve individual liberty and improve the economic and social well-being of...
30 Sep 2024 à 12:13
Accountancy
IFAC Releases Third Installment in Implementation Support Series for Small Firms on the IAASB's Quality Management Standards
Today, the International Federation of Accountants (IFAC) released the third and final installment in its three-part publication series to help small- and medium-sized practices (SMPs) implement the International Auditing and Assurance Standards Board’s (IAASB) suite of quality management standards. Installment Three: Monitoring and Remediation provides tips and guidance for the practical implementation of the monitoring and remediation of a firm’s system of quality management.Installment Three...
27 Sep 2024 à 06:00
Apps, Cloud & Digital