Press Release: Corporate taxation: Commission to discuss its plans for fairer taxes with MEPs

The European Parliament's plenary session discussed on 2 February 2016 how the European Commission planned to make corporate taxation fairer and more efficient.

According to data released by the EC, corporate tax avoidance costs member stats €50-€70 billion in lost revenue a year. The Lux Leaks scandal showed that member states also sometimes court multinationals with advantageous tax schemes.

As a result, the parliament decided in previous years to set up two special committees to investigaye and called on the EC to introduce legislation to restrain these practices.

• Primary Source

ESO: Background information: Fair Taxation: Commission presents new measures against corporate tax avoidance http://www.europeansources.info/record/press-release-fair-taxation-commission-presents-new-measures-against-corporate-tax-avoidance/

ESO: Background information: EP spells out legal steps to fight aggressive corporate tax planning and evasion http://www.europeansources.info/record/press-release-ep-spells-out-legal-steps-to-fight-aggressive-corporate-tax-planning-and-evasion/

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