| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/14/1024 (21.09.14) |
| Publication Date | 21/09/2014 |
| Content Type | News |
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EU Tax Commissioner Algirdas Šemeta welcomed the package of measures to tackle international corporate tax avoidance, which was endorsed on the 21 of September 2014 by the G20 Finance Ministers in Cairns, Australia. The Ministers agreed on a first set of recommendations to address key areas in the OECD's Action Plan on Base Erosion and Profit Shifting (BEPS) which, once implemented, should ensure fairer taxation and fairer competition globally. The EU has been actively involved in the OECD's work on the BEPS Action Plan, while also pushing forward its own ambitious measures to fight tax avoidance in Europe. The G20 also said they were tantalisingly close to adding an extra $2tn (£1.2tn) to the global economy and creating millions of new jobs. However, they showed worry about Europe's extended stagnation. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-1024_en.htm |
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| Subject Categories | Economic and Financial Affairs, Taxation |
| Countries / Regions | Europe |
