My personal brain dump on the ongoing discussions in Belgium regarding additional government measures for banks after the famous Staatsbon / Bon d’Etat.
My personal conclusions:
◾ an additional Staatsbon / Bon d’Etat is actually still an option but with a cap on the total amount to be collected and equal fiscal treatment as compared to banking products – [https://www.standaard.be/cnt/dmf20230905\_95163300](https://www.standaard.be/cnt/dmf20230905_95163300)
◾ a more flexible exemption mechanism would actually allow for equal fiscal treatment across financial products. Now only regulated savings accounts [https://www.test-aankoop.be/geld/spaarrekeningen/dossier/gunstige-fiscale-regeling-voor-spaarrekeningen?updateBeanConsent=true](https://www.test-aankoop.be/geld/spaarrekeningen/dossier/gunstige-fiscale-regeling-voor-spaarrekeningen?updateBeanConsent=true) and dividends on shares [https://www.tijd.be/netto/belastingen/uw-belastingaangifte/claim-de-vrijstelling-voor-dividenden/10468483.html](https://www.tijd.be/netto/belastingen/uw-belastingaangifte/claim-de-vrijstelling-voor-dividenden/10468483.html) have a fiscal exemption. Already introduced in 2013, but never implemented [https://www.tijd.be/netto/sparen/nieuw-plan-geens-viseert-niet-langer-misbruik-spaarboekjes/9443580.html](https://www.tijd.be/netto/sparen/nieuw-plan-geens-viseert-niet-langer-misbruik-spaarboekjes/9443580.html)
◾ central banking measures are more preferable than one shot windfall tax or measures to tax buybacks of shares. The ECB actually already adjusted the remuneration of minimum reserves. See also [https://www.bankingriskandregulation.com/weve-got-it-wrong-on-windfall-taxes/](https://www.bankingriskandregulation.com/weve-got-it-wrong-on-windfall-taxes/) and [https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230727\~7206e9aa48.en.html#:\~:text=The%20Governing%20Council%20of%20the,starting%20on%2020%20September%202023](https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230727~7206e9aa48.en.html#:~:text=The%20Governing%20Council%20of%20the,starting%20on%2020%20September%202023). Other measures are under discussion [https://think.ing.com/articles/increase-in-minimum-reserves-would-hit-bank-liquidity-at-crucial-moment/](https://think.ing.com/articles/increase-in-minimum-reserves-would-hit-bank-liquidity-at-crucial-moment/)
◾ revised regulated savings schemes were already introduced with the e-DEPO solution – [https://www.spaargids.be/sparen/algemeen-nieuws/is-een-e-depo-nog-interessant.html](https://www.spaargids.be/sparen/algemeen-nieuws/is-een-e-depo-nog-interessant.html) and seen the automatic indexation in Belgium less an option than in France – [https://www.rtbf.be/article/epargne-faut-il-etre-jaloux-du-livret-a-francais-11202325](https://www.rtbf.be/article/epargne-faut-il-etre-jaloux-du-livret-a-francais-11202325)
Happy to hear your opinion!
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by Bosrunner3