July was an eventful month for the financial markets, especially for currencies and commodities. Our expert, Johan Gallopyn, takes stock of the main trends in equities, bonds, central banks, currencies and commodities in the past month.
Belgium has since 1995 a REIT-like framework for companies investing in property. The REIT (Real Estate Investment Trust) has been used in the United States since decades and offers a/o tax transparency, simplified financial reporting & enhanced transparency and a minimum dividend payout.
The legislature took advantage of the entry into force of automatic information exchange between administrations to broaden the scope of the tax on stock exchange transactions (TOB). From now on, natural persons ordinarily resident in Belgium will have no way to avoid it.