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

  • RINA Consulting starts to lower Morandi Bridge sections
    February 14, 2019
    Deconstruction of the collapsed Morandi Bridge in Genoa, Italy, has begun, according to RINA Consulting. The first bridge deck section was lowered to the ground from a height of 48m, said Roberto Carpaneto, chief executive of RINA which is responsible for design control and construction management of the project. "We are really satisfied with how this delicate operation is being conducted with the whole construction team working as one to guarantee the best result.” RINA Consulting was chosen by the c
    Read More
  • INTERMAT launches in South East Asia – Bangkok, June 8-10, 2017
    February 16, 2017
    As the 7th-ranked world power, South East Asia is one of the world’s most dynamic and high-growth zones. More than US$60 billion of investment in infrastructure projects is planned per year between now and 2022. The region’s importance to the global construction equipment sector can’t be overestimated.
    Read More
  • Indian construction machinery exhibition planned
    March 6, 2020
    Plans are moving ahead for the bauma CONEXPO INDIA construction machinery exhibition.
    Read More
  • Kobelco targets growth in North America and Europe after re-entering markets
    May 19, 2014
    Kobelco Construction Machinery Group is expecting strong sales in North America and Europe in the 2014 financial year after recently re-entering both key markets after a decade-long absence. Consolidated net domestic sales in Japan in 2013 financial year (April 2013-March 2014) were up 29.2% year-on-year to US$1.362 billion (138.3 billion yen), with overseas sales at $1.771 billion (179.9 billion yen), a year-on-year increase of 11.9%. The ratio of overseas sales to consolidated net sales decreased slightl
    Read More

Highlighted Content