maandag 7 juni 2010
Sexual selection The hunk and the show-off do not always get the girl
Read the complete article in The Economist here.
Tax Freedom Day 2010 falls on 8 June for the second year in a row
Based on the latest data from the Federal Planning Bureau, this date falls again, for the second year in a row already now, on 8 June, while it felt on 10 June for three years before that. This means that despite all changes that were supposed or rumoured to reduce taxes like “personal tax reductions”, the “notional interest deduction”, the “VAT grouping”, the various “tax deductions for individuals” and so on, the overall tax burden in Belgium has remained stable.
Unfortunately, the move forward of last year that was consolidated this year is not an effect of a reduction of our substantial tax burden. Rather, the shift forward by 2 days is merely the result of the mathematical effect of the calculation method which is being influenced by the current economic downturn.
This is the fifth year in a row that we have computed Belgium’s “Tax Freedom Day”, the day on which the inhabitants of the country truly start working for themselves – all productive work up to that date having been needed to pay the burden of taxes.
Unfortunately, the move forward of last year that was consolidated this year is not an effect of a reduction of our substantial tax burden. Rather, the shift forward by 2 days is merely the result of the mathematical effect of the calculation method which is being influenced by the current economic downturn.
This is the fifth year in a row that we have computed Belgium’s “Tax Freedom Day”, the day on which the inhabitants of the country truly start working for themselves – all productive work up to that date having been needed to pay the burden of taxes.
Read the PWC report here.
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