Belgium cracks down on tax evaders

Nearly €400m were declared to the tax authorities in Belgium last year as tax dodgers tried to avoid a hike in the size of fines imposed for tax avoidance. More than a third of the total €400m in 'black money' was declared in December, local news outlets De Tijd and L'Echo report. Belgium has been ramping up efforts to tackle tax avoidance. A total of 609 regulations were introduced in 2019, such as failure to declare capital income to the tax authorities. For this year, a hike in the size of fines imposed for tax avoidance is in the works. Some €1.5bn has been declared in the cont...