01805cas a2200241 a 4500 AALejournalIMF017520 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475587692 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Belgium : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (25 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper explores key features of Belgium's corporate income tax (CIT) regime as background for potential growth-enhancing reform options that also safeguard revenues and limit distortions. Comprehensive reform of business and investment income taxation in Belgium is both promising and challenging. The challenge arises from the need for fiscal consolidation and the limited scope for shifting the tax burden away from the CIT to other taxes. The absence of capital gains taxation undermines tax neutrality between different forms of businesses, leading to organizational inefficiencies and a misallocation of capital. Overall, there appears to be scope for a broader reform that could raise Belgium's growth potential without undermining fiscal revenues. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/070 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/070/002.2017.issue-070-en.xml IMF e-Library