Economists consider, based on tax havens’ statistics such as Bermuda or Ireland, that 40% of multinational companies' profits avoid taxation. The EU would thus be deprived of a fifth of its income from companies. EURACTIV.fr reports.
Donald Trump's plans to slash corporate taxes in the United States have sparked concerns of a new global fiscal race to the bottom, possibly involving a wave of negative social consequences, experts say.
Several European countries will break their budgetary commitments this year to grow their economies. But without coordinated EU policy, any attempt to relaunch the European economy will fail. Our partner La Tribune 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.