Author (Corporate) | European Parliament |
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Series Title | Press Release |
Series Details | 02.02.16 |
Publication Date | 02/02/2016 |
Content Type | News |
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. |
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Source Link | http://www.europarl.europa.eu/news/en/news-room/20151210STO06912/ |
Related Links |
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Subject Categories | Taxation |
Countries / Regions | Europe |
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