The special committee leading the European Parliament’s inquiry into tax rulings has upped the pressure on businesses and European governments. The inquiry will be extended until October. EurActiv France reports .
Apple Inc said that the European Commission's investigation into Ireland's tax treatment of multinationals could have a "material" impact if it was determined that Dublin's tax policies represented unfair state aid.
Luxembourg charged yesterday (23 April) the French journalist behind the revealing of the so-called LuxLeaks scandal that implicated the small European country in lowering tax rates for multinationals.
Like many other public banks, the European Investment Bank (EIB) leverages its own means by acting as a catalyst for private investment through various financial mechanisms. Too often, though, attempts to attract private capital result in unpredictable risks and higher-than projected costs for the public coffer, write Xavier Sol and Fabio De Masi.
Developing countries in Africa have been hit by the full force of the recent Swiss Leaks scandal. The Swiss branch of HSBC bank cost Tanzania, Senegal and the Ivory Coast over 30% of their national health budgets. EurActiv France reports .
The all-powerful Conference of Presidents of the European Parliament decided on Thursday (5 February) that there would be no committee of inquiry into the Luxleaks scandal, giving it less clout in ongoing investigations of tax avoidance at the European level. EurActiv France reports .
In the light of the recent revelations about Luxembourg tax avoidance schemes for multinational corporations, a quarter of the European Parliament on Wednesday (14 January) backed the Greens’ proposal to set up a full inquiry committee on tax evasion and dumping.
On Thursday evening (18 December), Luxembourg Prime Minister Xavier Bettel announced that his country plans to withdraw two court challenges against the European Commission and will start handing over past tax rulings.
EU governments have agreed to create centralised registers of company owners, but stopped short of making them public or applicable to all kinds of trusts, after ambassadors struck a compromise deal with the European Parliament late last night (17 December).
In the light of new revelations in the Luxembourg tax evasion schemes, some MEPs will push to fast-track the European Parliament’s legislative reports being drafted by the legislature's economic committee.
The leaders of the European Parliament's grand coalition have told their members not to support the Greens' proposal to create a committee of inquiry on tax evasion. The ecologists need around another 40 signatures in order to bring the proposal to a vote in Parliament. EurActiv France reports .
Responsible corporations paying their taxes and revealing their ownership structure could be a possible solution in the fight of Europe against tax evasion and tax havens which cost billions of euro annually. EurActiv Czech Republic reports.
The LuxLeaks case reminded Europe that it needs to deal with tax evasion which costs the EU budget billions of euros. A group of lawyers and economists put forward the so-called ‘Taxparency’ solution and believe they can gather political support. “We have already presented it to Mr. Juncker, and he liked it,” Czech MEP Tomáš Zdechovský told EurActiv Czech Republic in an exclusive interview.
The European Commission will use the 'Luxleaks' documents uncovered by investigative journalists three weeks ago in its ongoing investigation of tax avoidance at the European level, Margrethe Vestager, the EU competition chief, said on Thursday (20 November).
Discussions at the G20 summit in Brisbane have been dominated by the issues of economic growth and climate change, but leaders have also broached the delicate question of tax evasion. EurActiv France reports .
German Finance Minister Wolfgang Schäuble has sent proposals to the European Commissioner for Economic and Financial Affairs, urging him to act quickly to improve the exchange of information on tax deals with companies, a move linked to allegations against Luxembourg.
A senior aide defended European Commission President Jean-Claude Juncker on Monday (10 November) against charges of having provided a haven for corporate tax avoidance in Luxembourg, saying the entire new EU executive was committed to stamping out tax evasion.
Commission President Jean-Claude Juncker is reluctant to face MEPs next week to shed light on whether the secret tax deals between more than 300 international companies and Luxembourg are in accordance with EU law.