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

  • Funding issues for Georgia projects
    February 28, 2012
    Problems are appearing with regard to plans for transport funding set out by the Georgia Department of Transportation.
    Read More
  • Berco bounces back
    December 16, 2021
    The global Italian undercarriage manufacturer is forging ahead with a major lean manufacturing transformation that is already seeing results. David Arminas reports from the company’s 500,000m² plant in Copparo.
    Read More
  • UK asphalt market: 'turning lower'
    February 29, 2012
    The UK asphalt market increased by over 5% in 2010 but the market has already started to turn lower, claims industry experts BDS Marketing Research, which is forecasting volumes to be around 1% lower in the current year
    Read More
  • FIEC calls for greater transport spending for Europe
    October 7, 2019
    The FIEC, which represents Europe’s contracting firms, is calling for greater spending on developing the transportation network. According to the FIEC, a stronger EU budget for transport is of importance for the European economy. An official statement said, “On its own, completing the TEN-T network will create 10 million extra jobs by 2030. State-of-the art transport infrastructure is also an investment in long-term growth and jobs. Investing €750 billion could generate € 4,551 billion additional GDP.” The
    Read More

Highlighted Content