Belgium – Feb 3
The European Commission has opened an in–depth investigation into the Belgian excess profit ruling system. This system involves a tax provision “which allows group companies to substantially reduce their corporation tax liability in Belgium on the basis of so-called 'excess profit' tax rulings,” which in turn allows multinational entities in Belgium to reduce their corporate tax liability. The Commissioner in charge of competition policy, Margrethe Vestager, stated that the Commission’s intent is to ensure that all companies are paying their fair share of taxes. Source: European Commission