As part of the tax shift from labour to capital, banks and insurance companies will have to contribute an additional EUR 100 million to the Belgian budget by way of a new tax. The so-called bank tax, which isn't so much an additional levy as it is a reduction in qualifying deductions from the tax base, was introduced by the Omnibus Act of 10 August 2015 (Belgian State Gazette, 18 August 2015) (hereinafter, the "Omnibus Act").