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MR Chairman calls for €5 billion tax cut

14:04 26/08/2013

Chairman of the francophone liberal party MR, Charles Michel, is advocating a tax reform in 2014 that would cut taxes by €5 billion and generate up to 100,000 jobs. Michel's aim is to reduce the corporate income tax for SMEs (small and medium-sized enterprises) from 33.9 percent to 23 percent through a tax simplification, he told French-language daily Le Soir. He also proposes to reduce labour costs by increasing the tax-free portion of the net income by €200 per month.

Written by The Bulletin