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

  • Finance change on Orlovski Tunnel
    July 9, 2012
    A change in financing arrangements has been announced by the local authorities in Russian city St Petersburg for the Orlovski Tunnel project. This move is being made due to changes in terms and costs for the project, which is for the construction of a new road tunnel under the city that is intended to alleviate congestion.
    Read More
  • Advanced, low emission, fuel efficient earthmoving
    February 23, 2012
    Manufacturers are rolling out sophisticated machines for the European, North American and Japanese markets - Mike Woof reports. This year has been a pivotal period for the development of advanced, low emission earthmoving machines. During 2011 an array of manufacturers have introduced new models designed to comply with the latest Stage IIIB/Tier 4 Interim emissions regulations introduced for
    Read More
  • Tarmac’s plan for cutting traffic disruption from roadworks
    October 19, 2020
    Tarmac has a cunning plan for cutting traffic disruption from roadworks.
    Read More
  • New breaker from Atlas Copco
    March 7, 2012
    Three years ago Atlas Copco launched the first of the new generation of solid body breakers based on a new manufacturing method and new body design, and last year it sold more than 10,000 small breakers in the 50 to 550kg class. Atlas Copco SB breakers are used for road work, trenching, general demolition, plus primary and secondary rock breaking, and the company is now launching the mid-range model, the SB 302, for excavators of up to 9tonnes.
    Read More

Highlighted Content