Pseveral notes resulting from federal negotiations have leaked to the press in recent days, notably in The eveningwhile these have resumed at a more sustained pace. Latest, and not least, a draft “supernote” devoted to employment, taxation and pensions. A situation which caused irritation in certain parties. “No comment” from trainer Bart De Wever.
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According to The Freein terms of employment, this involves in particular increasing the gap between work income and replacement income to at least 500 euros through a tax reform and a standard establishing that the amount of allowances for inactive people in Working age will never increase faster than labor income. The operation of the well-being envelope (which makes it possible to increase social minimums beyond indexation) would also be reviewed. A register of social benefits would be put in place to cap them at the minimum labor income. As announced, unemployment benefits would be limited to two years. Wage indexation would be maintained, but social partners would be asked to review the link to inflation or even limit the effects of indexation for high salaries. The right to strike would also be reformed and night work would start at midnight and no longer at 8 p.m.
In tax matters, the tax-exempt amount would increase from 10,750 to 12,000 euros in 2029. The personal tax rate brackets would be adapted. A new rate of 35% would see the light of day, the 25 and 40% brackets would be widened and the 50% rate removed. In other words, the highest tax rate would be 45% from 30,000 euros of income.
The taxation of investments would also be reviewed by placing all movable income under the same umbrella and applying an exemption to a first tranche. As for capital gains, which had crystallized the opposition between Vooruit and the MR, there is talk of a 10% taxation on capital gains on financial assets, without retroactivity and with an exemption from historical capital gains to from the date of entry into force of the tax.
Consumption taxes would be harmonized. A new VAT of 9% would see the light of day.
A pension reform is also planned in order to reduce assimilated periods by strengthening the link between actual work and pension rights.
At cruising speed, from 2029, the “employment” and “pensions” measures should generate savings of more than 6 billion euros per year.
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