https://trends.knack.be/economie/beleid/het-einde-van-belgie-kan-wel-eens-economisch-zijn/article-opinion-1930275.html
https://trends.knack.be/economie/beleid/het-einde-van-belgie-kan-wel-eens-economisch-zijn/article-opinion-1930275.html
8 comments
het is tijd dat europa onze politiekers eens op hun plek zet want zelf zijn ze hiertoe niet in staat blijkbaar
>Nee, het einde van België zal niet communautair zijn, maar zonder structurele hervormingen zou het wel eens economisch kunnen zijn
What a weird hot take. How would bankruptcy end Belgium? Does he really think that if we go >180% then suddenly the regions split up, Belgium declares bankruptcy and the case is solved?
Greece went bankrupt, last time i checked it’s still on the map.
>Zonder hervorming, gaat de schuld in 2050 naar, jawel, 180 procent van het bbp. We mogen dan zeggen dat België virtueel failliet is en de boeken mag neerleggen.
Oei!
>Japan Government debt accounted for 225.8 % of the country’s Nominal GDP in Sep 2022
Hmm.
En het VK en de VS hebben nog een hogere staatsschuld tegenover GDP dan België.
Een hoge staatsschuld wijst bij ons zeker op grote problemen maar het is dus niet zo simpel als deze man schrijft.
Er is geen getal waarbij een land sowieso failliet is.
We denken aan Griekenland, dat in een neerwaartse spiraal zat van hogere intresten op schuld + lagere inkomsten en steeds minder meerwaarde geproduceerd in eigen land – brain drain en corruptie zorgen bv allebei dat overheidsuitgaven niet terug in de economie vloeien.
Een belangrijke factor zijn ook negatieve handelsbalans binnen de eurozone. België heeft een positieve maar krimpende handelsbalans. De totale onderlinge handelsbalans van een groep landen is altijd 0, dus allemaal een handelsoverschot is niet realistisch.
De vraag lijkt me dus eerder: hoe zorgen we dat de eurozone niet in twee kan splitsen tussen landen met handelsoverschot en landen met handelstekort, zodat een situatie als met Griekenland niet meer kan voorvallen? Alle antwoorden zijn gevoelig: Europese sociale zekerheid, solidariteitsmechanismen zoals tussen staten in de VS, de landen onderaan de lijst loskoppelen van de Euro…
Professor corporate finance, nuff said. Useless.
Klinkt als N-VA paniekzaaierij
Not surprising in a neoliberal system with neoliberals making financial decisions.
Purposefully making things very bad for the country in an attempt to make it crash. And then after the crash, everything gets privatized. The streams of spending get directed away from helping the community and it all goes into the pockets of the richest.
The plan from the beginning.
All neoliberal parties are working to that, even other classic parties are doing it as well without realizing it.
Continuing the neoliberal will certainly get us to this “end of belgium” and everything after that is even worse.
To put the whole discussion in another perspective (that of the Multinational Enterprise who has the privilege of escaping normal company profit taxation):
A new research in the European Parliament shows that many companies do not pay much tax in many EU countries – in absolute values or in comparison to nominal rates or to some other countries.
Effective tax rates (ETRs) estimated from companies’ balance sheet data are useful indicators for the tax system. To estimate the ETRs of multinational enterprises (MNEs), the research used unconsolidated data of MNEs from Orbis, the imperfect (so these ETRs should not be used as the only evidence for decisions), but best available company-level data for the EU. It analyses ETRs and nominal rates for the period from 2011 to 2015 for EU countries.
The research shows that the effective tax rates in the European Union are much lower than nominal tax rates. ETRs and nominal rates are positively related, but for the EU countries less so. At the country level, the correlation between ETRs and nominal rates for the 63 countries is 0.63, while it is almost a half of that, 0.33, for EU countries only. In addition, most countries appear to tax MNEs regressively: the larger the MNE, the lower the effective tax rate.
According to the available data, MNEs can expect to pay anything between 6% and 30% (and as little as 2% or as much as 49% in the most extreme cases) of their profit in taxes. Luxembourg has the lowest ETR (2.2%) and Norway the highest ETR (48.7%) among the 63 countries in the final sample. In the EU, in addition to Luxembourg, the lowest ETRs are to be found in Hungary (7.5%), Bulgaria (9.5%), Cyprus (9.6%) as well as in the Netherlands (10.4%) and Latvia (10.6%). Within the EU, Italy and Greece have the highest ETR (30.4% and 28.4% respectively), with the third and fourth highest being Spain and Slovakia (21.8% and 20.2% respectively). The remaining 18 EU countries (out of 28 current EU member states) have ETRs between 12% and 20%. Some of the biggest EU economies are within this range, including the United Kingdom (14.9%), France (16.7%) and Germany (19.6%). The unweighted average of 28 EU countries’ ETRs of 15% (in contrast the statutory rate average is 23%) is lower than the other countries’ average ETR of 22% within the sample of 63 countries (in contrast their statutory rate average is 24%). The five countries with the highest ETRs (as well as some of the highest statutory tax rates) are all non-EU member states: Peru, Columbia, Pakistan, Argentina and Norway.
ETRs are lower than nominal rates in most countries, in particular for some EU countries. A case in point is, again, Luxembourg (2.2% vs 29.1%), but the nominal rate is not very illuminating in terms of providing information about the tax burden that MNEs face in many other EU countries. Indeed, nine out of ten countries with the highest percentage point differences between the two rates are EU members: Luxembourg, Belgium, Malta, France, the Netherlands, Austria, Hungary, Finland and Sweden. In addition, Germany, the biggest EU economy, has one of the highest percentage point differences (19.6% vs 29.5%). On the other hand, some countries exhibit ETRs comparable to their nominal rates, including Ukraine (ETR of 20.2% vs nominal rate of 20.2%), Bulgaria (9.5% vs 10%), or Slovakia (20.2% vs 21%). The fact that ETRs are mostly lower than statutory rates is natural given by tax holiday and other tax provisions that make the ETRs lower than nominal rates and, interestingly, the results reveal how big the differences are across countries. In addition, most countries appear to tax MNEs regressively: the larger the MNE, the lower the ETR. For most countries, there is a negative relationship between size and ETR as measured by a correlation coefficient between the size of MNEs by total assets and their ETRs. Overall, there are some tentative conclusions about a race to the bottom in ETRs from the evidence that has been presented. These include that some EU countries do not seem to tax MNEs much and these EU countries cannot lower their rates much lower since they are already close to the bottom. These results are based on the best available, but imperfect company-level data, and therefore we call for better data, for example, in the form of MNEs’ public country-by-country reporting data.
In the past years, the EU has proposed key reforms to reduce the tax avoidance of big multinational companies in Europe – such as public Country-by-Country Reporting and Common Consolidated Corporate Tax Base – but these are blocked in Council by the member states. The Greens/EFA group in the European Parliament calls on the EU member states to end this blockade and approve the necessary reforms without any further delay.In the view of extremely low corporate tax rates in some EU member states, the European Commission should make a proposal to introduce minimum effective corporate tax rates in the EU to stop the existing race to the bottom and end the unhealthy tax competition in the European Union.
The European Commission should also be ready to use the article 116 of the Treaty on Functioning of the European to propose legislation in this respect.