June 27th, 2016
Minister of Finance Johan Van Overtveldt’s reaction to the outcome of the UK referendum
“This should create the momentum for a serious reflection on Europe, its policies and institutions. This reflection has been necessary for a while but must now be accelerated. The verdict of the British citizens should get a correct translation at European level.The financial markets seem to overreact at this point, as usually occurs in these situations. It is obvious that the choice for a Brexit will have economic and financial implications transcending the UK. It is of great…
June 21st, 2016
Anti-Tax Avoidance Directive has become a win-win. Belgium consents.
The Minister of Finance has consulted the Inner Cabinet to determine the position on the proposal for the European Directive against tax-avoidance activities (Anti-Tax Avoidance Directive, ATAD). At his suggestion, Belgium consents with the most recent proposal and will not raise any objections before the end of the silence procedure later today.Minister of Finance Johan Van Overtveldt : “This agreement is a win-win. It perfectly balances the aim for a fair tax system and the…
January 12th, 2016
Expert group on the financial sector presents final report
Minister of Finance Johan Van Overtveldt and the members of the Expertgroup on the Future of the Financial Sector presented the final report of the Expertgroup this morning. The mission of the expertgroup was to evaluate and reflect on the current position of the Belgian financial sector by identifying the main challenges the sector is facing following the financial crisis and by exploring the long-term prospects of the sector. This report reflects the recommendations…
January 11th, 2016
Statement of the Minister of Finance regarding the decision of the European Decision on Excess Profit Rulings.
The European Commission considers the Excess Profit Rulings to be in conflict with the state aid regulations. The Excess Profit Ruling were instated more than ten years ago. This decision is in line with the expectations. That is why I took action on this issue from the start. Following the first warning signs from the European Commission, we put the system on hold and did not issue any more Excess Profit Rulings (as from February 2015). We are also the first country to have started the…
September 30th, 2015
Book launch : 'De ontwakende reus' (A Giant Reborn: Why the US Will Dominate the 21st Century)