Belgium’s economy is 71.5 percent free according to the Economic Freedom Index 2008, which makes it the world’s 20th and Europe’s 10th freest economy. This is a 0.9 percentage point decrease from last year, primarily reflecting increased government spending. Contrary to common thoughts, it is emphasized that creating a Business in Belgium is easy and fast, but it is also recalled that income as well as company taxes are amongst the World’s highest. This can be a serious handicap in an ever-more globalizing world.
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