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Belgium has the highest tax wedge among the 34 OECD member countries. The average single worker in Belgium faced a tax wedge of 55.6% in 2014 compared with the OECD average of 36.0%.
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The tax burden in Belgium increased by 0.6 percentage points from 44.0% to 44.6% in 2013. The corresponding figure for the OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Belgian standard VAT rate is 21%, which is above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.
The Global Forum on Transparency and Exchange of Information for Tax Purposes (referred to as "the Global Forum"), has released its peer review reports for Belize, Finland, Iceland, Nauru, Poland, Portugal, Sweden and Turkey.
Economic growth is projected to be strengthening from mid-2011 onwards, but will be insufficient to restore the sustainability of public finances.
Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.
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Agreement between Belgium and Grenada for the exchange of information relating to tax matters
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Agreement between Belgium and Dominica for the exchange of information relating to tax matters
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Agreement between Belgium and Monteserrat for the exchange of information relating to tax matters
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Agreement between Belgium and Belize for the exchange of information relating to tax matters
Individual elements in the Belgian tax system affect the growth process through different channels and to a varying degree.