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

  • The Volvo Group is appointing a new CEO
    January 6, 2017
    The Volvo Group has removed Olof Persson from the role of president and CEO of the company. This move came following pressure from certain shareholders due to the group’s weak financial performance in recent years. Instead the Volvo group plans to appoint Scania’s head Martin Lundstedt to the role. Lundstedt will take the post in October 2015, with the Volvo Group’s chief financial officer, Jan Gurander, standing in as temporary president and CEO.
    Read More
  • The Volvo Group is appointing a new CEO
    April 24, 2015
    The Volvo Group has removed Olof Persson from the role of president and CEO of the company. This move came following pressure from certain shareholders due to the group’s weak financial performance in recent years. Instead the Volvo group plans to appoint Scania’s head Martin Lundstedt to the role. Lundstedt will take the post in October 2015, with the Volvo Group’s chief financial officer, Jan Gurander, standing in as temporary president and CEO.
    Read More
  • Volvo lines up its SDLG brand for greater global export sales
    June 8, 2015
    No sooner had senior managers told a roomful of journalists that corporate restructuring is on track, news followed that Volvo Group’s chief executive had been replaced Olof Persson fell from his perch following pressure from shareholders' dissatisfaction over the group’s weak financial performance in recent years. Volvo group plans to appoint Scania’s head Martin Lundstedt to the role staring in October. Until then, Volvo Group’s chief financial officer Jan Gurander will be standing in. Lundstedt and G
    Read More
  • Rebuilding a historic bridge linking the US and Canada
    March 8, 2016
    While many road authorities in North America are finding it difficult to stretch their bridge assets beyond half a century, one bridge is closing in on its centenary - David Arminas reports The international Peace Bridge, connecting the Canadian province of Ontario with the US state of New York, is 88 years young this year, and still going strong.
    Read More

Highlighted Content