Belgium Expects €2 Billion From Pillar 2 Over Three Years
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Belgium Expects €2 Billion From Pillar 2 Over Three Years
Belgium expects over €2 billion in tax revenue from pillar 2 of the global tax plan, which would partially finance their tax reform to shift taxes away from labor, with estimates for €634 million in 2024, €714 million in 2025, and €748 million in 2026. According to estimates linked to the government's latest tax reform proposal, which is expected to raise €14 million in 2024, cost €14 million in 2025, and bring in €114 million in 2026 thanks to the benefits expected from the reform, including increased consumption and labor participation.
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