They should come to Belgium. We have something called 'notionele interest aftrek' (http://www.kpmg.com/BE/en/Whatwedo/Interests/NotionalInteres...).

As an example:

Suez Tractebel, Energy Europe Invest en GDF Suez CC had a profit before tax : 4,8 bilion euro.

Together they payed 2,3 milion euro tax. This is a tax rate of 0,049%.

Oh these are the Gas & electricity companies in Belgium.