10,000 Belgian construction job cuts fear after tax change

Up to 10,000 Belgian construction jobs could be lost after tax deductions for roof insulations are abolished, according to Confédération Construction (CC).
March 15, 2012 Read time: 1 min
Up to 10,000 Belgian construction jobs could be lost after tax deductions for roof insulations are abolished, according to Confédération Construction (CC). Roof insulation tax deductions are this year set to fall from 40% to 30%, before being abolished completely in 2013. CC said the move will potentially cost the Belgian construction industry €1billion and 10,000 of the current 216,000 industry employees. The influential body said that it would like a more gradual removal of the roof insulation tax deduction.

Related Content

  • Highway 99 revisited
    March 6, 2024
    David Arminas recently returned to Seattle for an inside look at some of the features of the now-complete SR99 tunnel that was a World Highways key project report in November 2017.
    Read More
  • Hitachi changing its European production operations
    May 29, 2020
    Hitachi is changing its European production operations and will focus on one facility.
    Read More
  • CECE Summit – is Europe ready for a digital construction worksite?
    November 20, 2015
    The CECE has voiced his concern over government regulations that could strangle innovation for the digitalisation of construction machinery. China’s imploding economy was another topic at the recent conference in Brussels, reports David Arminas. The CECE has urged the European Parliament and European Commission to enact legislation that promotes rather than hinders the construction sector’s transition to a digitalised way of working. “We need a smart regulatory framework that helps to unlock the full poten
    Read More
  • India to lay 15,000km of roads in 2016/17
    May 9, 2016
    The Ministry of Road Transport and Highways has set a target to lay 15,000km of roads during 2016/17, according to a government source. The target means that around 40km of roads will be paved each day - two times the current figure, according to the business magazine Steel Guru. The National Highways and Industrial Development Corporation’s target is 7,000km and that of the National Highways Authority of India is 8,000km. The NHIDCL will award national highway contracts covering 10,000km and the N
    Read More

Highlighted Content