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Jul 11, 2012

TAX POLICIES * Europe

* Belgium - Company car taxation to contribute to the deficit of European countries

Brussels,Belgium -Fleet Europe -June 2012: -- When the going gets though, the car taxation gets going. The car has proven an indispensible milk cow in the past and with CO2-emissions, politicians have found a politically correct way of increasing taxes. In many countries company cars are subject to tax increases, increasing the Total Cost of Ownership (TCO) of international fleets. Including taxes and the effect of taxes in your strategy pays more than ever... After another though 2011, many look at 2012 as a year where things should settle again providing a stable atmosphere for good life and work. Nevertheless, the Euro and the banking crisis has left big deficits and there is a possibility that all of us will need to contribute to get this budget in balance again. Through our company car, we will contribute a bit more in most of the countries. Driven by a social and environmental objective, company cars, higher end cars and polluting cars will contribute the most...

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