This is a relevant article: http://www.bloomberg.com/news/articles/2001-07-22/if-youre-w.... It's from 2001, but still relevant today.
Another article, specifically on Belgium: http://www.bespaarbelastingen.be/algemeen/belgium-tax-haven/
Third: http://www.wealthprotectionreport.co.uk/public/704.cfm
This law does not just apply on the disposition of shares, but on nearly all types of assets, with the exception of property.