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Gentse Economische Inzichten, 2023, 11: Are higher property taxes costly for employment?
Oorspronkelijke titel: Are higher property taxes costly for employment?
Bron: ugent.be
01-12-2023
- Property taxes significantly impact Belgium's fiscal landscape. In the EU, Belgium ranks fifth in property tax generation, collecting 3% of government revenues as property taxes.
- While policymakers generally view immovable property taxes as having a limited detrimental effect on economic growth, their influence on employment remains underexplored.
- Higher property taxes can adversely affect employment by driving down property prices. Employment reduces due to lower household consumption as housi…
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