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

  • MOBA founder Paul Harms will be “sorely missed” after death aged 82
    March 4, 2013
    Paul G. Harms, founder and long-time managing director of MOBA, has died aged 82. For more than 30 years Harms led and shaped the German firm, from its foundation in 1972 to its current position among leading international companies in mobile automation. Born in 1931 in Osnabrück, Germany, on leaving school Harms completed an apprenticeship as an instrument mechanic then worked as thermal technician for Georgsmarienhütte AG. At the same time, Harms attended technical evening school and then studied mechanic
    Read More
  • VDMA says machine sales now exceed previous year
    September 1, 2017
    The market for earthmoving equipment is booming, according to a report by the German construction machine manufacturers association, the VDMA. In the first six months of this year, the turnover of construction equipment manufacturers was around 19% higher than the already high value of the previous year. In addition, there is an increase in orders of over 18%, as construction equipment is ordered all over the world.
    Read More
  • US manufacturers urge Obama to invest in infrastructure
    March 22, 2012
    A senior US equipment manufacturing figure has urged President Barack Obama to create an infrastructure programme that will help the country compete globally.
    Read More
  • Roadtec bullish with strong results
    February 21, 2017
    Roadtec says that it saw a strong financial performance in 2016 and has high hopes for 2017. Part of Astec Industries, Roadtec says that it finished 2016 exceeding its sales performance goals. The firm says that the asphalt paving market benefited from the passage of the 6-year FAST-ACT Highway Bill on December 4th, 2015. Astec Industries and Roadtec played important roles in an industry-wide campaign calling for US legislators urging them to pass the bill. “Through these efforts and many others in our i
    Read More

Highlighted Content