October 10th, 2016
New measure enhances climate for pan-European pension funds.
On a proposal from the Minister of Finance Johan Van Overtveldt, the Council of Ministers adopted a measure that strengthens Belgium’s position as a location to establish pan-European pension funds. A pan-European pension fund is a pension fund located in a European Union member state (registered office) and operates in one or more European Union member states.Earlier this year, Minister of Finance Van Overtveldt organised a roadshow for American multinationals in the US during which he…
July 7th, 2016
Statement after receiving the Panamanian delegation
Ladies and gentlemen of the press,A meeting has just taken place between the representatives of the Panamanian government, more specifically the Deputy Ministers of Finance and Foreign Affairs and myself and my cabinet.Evidently, a major part of the discussions concerned international fiscal transparency and how this transparency can be increased in the view of the relationships between Belgium and Panama.We’ve reached a point in time where tax fraud and tax evasion are…
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…