Shares tax – new ideas to get around the tax on shares

Shares tax – new ideas to get around the tax on shares

Investors have not been slow to find ways to get around the tax on shares. These are aimed at those who have around 500,000 euros in the form of shares. Investment funds and obligations can also be made nominative, three anonymous specialists told De Tijd. “I have had requests from clients to make share funds nominative”, says a private banker. “It’s a return to the Middle Ages in an administrative sense, but I can’t refuse to operate this change”. Other sources have confirmed the process, saying it is possible to…

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Carrefour restructuration plan – “a fifth of local Carrefour stores are losing money”

Carrefour restructuration plan – “a fifth of local Carrefour stores are losing money”

A fifth of all local Carrefour stores are losing money, according to figures VRT quoted on Saturday. They were confirmed by the Unizo employer’s organisation. Carrefour are said to be very surprised by them. Luc Ardies from Unizo said that based on data from the National Bank, it would appear 21% of Carrefour Express and Carrefour Market stores are losing money. He says this is slightly above average. “19.7% of independent and local supermarkets are not making a profit. That’s better than the big chains”. During an Extraordinary Business Council…

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New on the 1st of February – a stricter new code of conduct for European Commissioners

New on the 1st of February – a stricter new code of conduct for European Commissioners

A new code of conduct for European Commissioners will come into effect on the 1st of February. It will apply to all the current members of the Juncker Commission. The code changes the “absence period” for Commissioners from 18 months to two years and to three years for the President. During this period, former Commissioners must tell their previous employer what new positions they want to take up. There are also restrictions on lobbying the Commission. The actions and gestures of former Commissioners will also be followed by a new…

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Ukrainian businessman Ruslan Tsyplakov bought the controversial ‘refutation’

Ukrainian businessman Ruslan Tsyplakov bought the controversial ‘refutation’

Ukrainian businessman and banker, Ruslan Tsylolakov, has managed to get (should read – afford) the court decision that clears him from ever owning the infamous “Terra Bank”. He was so proud of it that he published an article in The Brussels Times about his court victory. To fully understand the circumstances it should be noted that Pechersky District Court in Kiev is most corrupt court in already corrupted court system of Ukraine. For a decent amount of money the judges are know to take any favorable decisions. The court statement…

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Prime Minister expresses support for Carrefour workers

Prime Minister expresses support for Carrefour workers

Belgium’s Federal Government will do everything possible to give maximum support to Carrefour workers and their families, Prime Minister Charles Michel and Labour Minister Kris Peeters said on Thursday in a first reaction to the restructuring plan announced by the French group. Michel and Peeters “are in contact with the management of Carrefour” and will soon meet the trade unions, a spokesman of the Prime Minister said. Cuts planned by the hypermarket chain are expected to lead to 1,233 layoffs in Belgium. An extraordinary board meeting was being held on…

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Business confidence rises in January by highest percentage since 2011

Business confidence rises in January by highest percentage since 2011

Business confidence in Belgium rose in January, when the country achieved an overall synthetic business curve of 1.8 percentage points, after slipping to 0.1 point the month before, the National Bank of Belgium announced on Thursday. The last time a higher overall synthetic business curve was attained was in April 2011, when business confidence grew by 2.8 points. January’s growth in business leaders’ confidence in the economy was also higher than the average for the 1980-2018 period, which was -7.3 percentage points. The improvement in the business climate in January…

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Silvio Berlusconi received a royal treatment

Silvio Berlusconi received a royal treatment

Former Italian PM Silvio Berlusconi received a royal treatment in Brussels this week, although few people noticed. They should have paid more attention because il Cavaliere will probably end up deciding the political landscape of Italy later this year. You had to visit his Facebook page to see Berlusconi embracing Commission President Jean-Claude Juncker (before his stomach flu kicked in, obviously) in the emblematic presence of Antonio Tajani. Then there were his lunches with the EPP top brass, his cosying up with Brexit chief negotiator Michel Barnier and with media…

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Police open internal investigation following leaking of Interior Ministry plans for migrants

Police open internal investigation following leaking of Interior Ministry plans for migrants

Belgium’s police have opened an internal investigation following the leaking of information on plans by Interior Minister Jan Jambon to question undocumented foreigners, Jambon said on the Ter Zake programme of the Flemish public broadcasting network, VRT. “The officers are bound by professional secrecy,” Jambon said. “It’s unacceptable for actions to be made public in advance.” News that the police would be intercepting migrants for questioning on Sunday had been circulating since Friday. The citizens’ platform for the reception of refugees reacted by forming a human chain of almost 3,000…

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Number of post-Brexit European Parliament seats to go from 751 to 705

Number of post-Brexit European Parliament seats to go from 751 to 705

The Committee for European Parliament Constitutional Affairs wishes to bring down the number of MEPs from 751 to 705 in the next parliament. This reduction by 46 seats is a consequence of the withdrawal of the UK from the EU, anticipated for March 29th, 2019. The opportunity of creating transnational lists in the future was also approved. Currently the British have 73 seats in the European hemicycle. By virtue of the reform project 27 of them would be retained, and spread amongst 14 of the remaining member states in 2019….

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Dutch takeover of Woluwe Shopping Centre

Dutch takeover of Woluwe Shopping Centre

The Woluwe Shopping Center has passed into the hands of the Dutch company, Eurocommercial Properties. De Tijd reported this on Sunday on its Internet site. The property owners and lenders, Woluwe Shopping Center and Woluwe Extension, will therefore soon no longer be listed on the stock exchange. The daily publication states that the Dutch company, which specialises in shopping centres has acquired the Woluwe Shopping Centre for €425 million. Eurocommercial Properties’s offer to purchase goes back to last October. According to a communiqué from Woluwe Shopping Center and Woluwe Extension,…

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