Press Release: Corporate taxation system has reached its limits, say ministers and MEPs

The European Parliament's special committee on tax rulings held a discussion on 22 September 2015 with finance ministers from Luxembourg, Italy, France, Spain and Germany.

The key conclusions of the meeting were that tax competition as such could not be avoided, while reconising that the system had reached its limits, leading to unwanted side effects. It was agreed that action was needed to harmonise corporate tax practices across the European Union, so as to make tax competition clearer and fairer.

• Primary Source

ESO: Background information: Juncker to MEPs on current corporate tax rules: 'We should create some order!' http://www.europeansources.info/record/press-release-juncker-to-meps-on-current-corporate-tax-rules-we-should-create-some-order/

EurActiv, 24.09.15: Finance ministers show willing to work with tax rulings committee http://www.euractiv.com/sections/euro-finance/finance-ministers-show-willing-work-tax-rulings-committee-317912

Politico, 22.09.15: Finance ministers call for minimum EU tax rate http://www.politico.eu/article/finance-ministers-luxleaks-call-for-minimum-eu-tax-rate/

---