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Keeping tabs on the tax-dodgers 13/11/2012 18:15 CET Tackling corporate tax avoidance set to top Brussels… 22/05/2013 00:34 CET Apple faces questions over alleged tax evasion 21/05/2013 12:56 CET Europe’s battle against 1 trillion euro tax evasion 21/05/2013 16:50 CET Show me the money – British overseas territories deal 02/05/2013 19:21 CETAggressive tax avoidance by large corporations was under scrutiny at Wednesday’s EU Summit in Brussels.
Investigations in the UK, France and the US have revealed how little tax some leading international corporations pay.
In certain cases, careful structuring of the firms’ European operations allowed them to exploit legal loopholes.
Speaking to reporters on the sidelines of the Brussels Summit, German Chancellor Angela Merkel said: “At last, there’ll be an exchange of necessary tax data within the EU and, above all, there’ll be negotiations with third countries. That is a huge step forward.”
French President François Hollande was keen to underline the injustice of companies not paying their fair share, saying: “Those who aren’t paying taxes have to!”
European leaders agree that action needs to be taken to close loopholes and level the playing field. But staying ahead of the corporate whizzes who invent the structures to get round tax policy may not be so simple.
More about: EU Summit, European Union, Tax evasion, TaxesCopyright © 2013 euronews
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