04 november 2020
17:59
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Local authorities, universities and PCSWs are at risk of being subject to the federal securities tax. “We request urgent consultation with the federal government about this,” says Flemish Minister of Finance and Budget Matthias Diependaele.
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Flemish Minister of Finance and Budget Matthias Diependaele (N-VA) points out that federal securities tax can also tax the communities and regions, provinces, municipalities, intermunicipalities, OCMWs and universities. “It seems that the federal government wants to impose a tax on just about every other government in this country,” says Diependaele.
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Diependaele considers such a burden inappropriate in times when governments have to implement a recovery policy. The minister fears that intermunicipal companies, municipalities and universities will invest less as a result. “This federal ‘transfer fee’ shatters that ambition and detracts from the efforts of these governments,” he says. “We request urgent consultation with the federal government about this.”
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After all, according to the Diependaele cabinet, many local authorities have money in such a securities account. ‘Some banks charge negative interest from a certain amount (250,000 euros, others from 500,000 euros), so that those boards were’ pushed ‘to the securities account’. According to the minister, this could now cost them dearly.
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