Frederik De Graeve

The De Wever government is raising tax rates on profit distributions for small companies, placing an extra tax burden on SMEs. According to Frederik De Graeve, these measures aren’t a fair reform, but a quick fix for budget problems that are affecting the entire economy. The tax rate increases are being sold as a fight against abuse, but in reality they hit every small business. This policy leads to lower investment, higher prices and a general tax increase that affects entrepreneurs, employees and consumers. Frederik calls for a targeted and consistent approach to abuse, rather than general tax increases.

At the start of the COVID-19 crisis, the federal and regional governments immediately implemented a number of tax (and other) measures. Those first measures were mainly focusing on preventing any cash flow problems for companies and for the self-employed. On the long term however, not only the (lack of) cash flow causes issues. The impact of the current crisis goes far beyond cash flow and it is certain that it will take several years before the impact of the economic crisis will be digested.

At the start of the COVID-19 crisis, the federal and regional governments immediately implemented a number of tax (and other) measures. Those first measures were mainly focusing on preventing any cash flow problems for companies and for the self-employed. On the long term however, not only the (lack of) cash flow causes issues. The impact of the current crisis goes far beyond cash flow and it is certain that it will take several years before the impact of the economic crisis will be digested.