| Author (Corporate) | European Network on Debt and Development (Eurodad) |
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| Publisher | European Network on Debt and Development (Eurodad) |
| Publication Date | December 2016 |
| Content Type | Report |
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According to a report released by Eurodad in December 2016, secret ‘sweetheart deals’ in the European Union soared. After the LuxLeaks scandal the amount of deals kept increasing dramatically, from 547 in 2013 to 972 in 2014, finally reaching 1444 by the end of 2015. According to the report’s analysis of new European Commission data, that is an increase of 160 per cent in just two years. As these deals are secret to the public, the content of these agreements is unknown. However, the LuxLeaks scandal and several ongoing state aid cases have shown that these deals can create the basis for large scale corporate tax dodging in both developed and developing countries. Belgium and – incredibly – Luxembourg have made the greatest number of new sweetheart deals with multinational corporations. |
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| Source Link | Link to Main Source http://eurodad.org/files/pdf/5846bcd64c8af.pdf |
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| Subject Categories | Taxation |
| Countries / Regions | Europe |
