The EIB is a public institution and supports projects in the name of EU policies. Therefore it is high time for the EU bank to ask for more than what commercial banks do for the sake of justice and broader public interest, write Xavier Sol andAntonio Tricarico.
The European Parliament has the opportunity on Monday (12 June) to vote for real public country-by-country tax reporting. Anything short of real transparency will allow large companies to keep hiding crucial information and avoiding their fair share of taxes, writes Elena Gaita.
From an investor’s perspective, planned transparency is far preferable to surprise leaks or investigations into corporate tax avoidance strategies which lead to reputational risk and government crackdown, writes Morris Pearl.
The European Commission is currently investigating McDonald’s sweetheart tax deals with Luxembourg and other tax arrangements across Europe. It should now also look into how McDonald’s uses its real estate rents to abuse its franchisees and its consumers, writes Harald Wiedenhofer.
The EU and US administrations have to work, with others, to find an equitable, effective and mutually acceptable solution for taxing the corporate profits of multinational companies, writes Philippe de Schoutheete.
After the Luxleaks scandal, there is still no proper response to the industrial scale tax avoidance the scandal exposed a year ago today,writes Aurore Chardonnet. But a simple vote by finance ministers could change that.