07/05/2020 (Agence Europe) – On Wednesday, 6 May, the Finance Committee of the Belgian Chamber of Representatives approved a bill making public aid to companies conditional on tax warranties, thus following in the footsteps of Poland, Denmark, and France (see EUROPE 12473/33). The text excludes from the Belgian public aid programme companies that have direct holdings in subsidiaries located in tax havens and companies that make payments to entities located in tax havens, unless there is real economic activity. The text refers to the Belgian tax haven blacklist. However, the proposal aiming to oblige large government-supported multinational companies to demonstrate greater public transparency on their tax practices by adopting public country-by-country reporting was not retained. (MF)