EU Commission welcomes Anti-Tax avoidance rules agreement as Panama Papers response


European Commissioner in Charge of Economic and Financial Affairs Pierre Moscovici (L) chats with European Commission Vice-President in charge of the Euro and Social Dialogue, Valdis Dombrovskis (R) at the start of an Ecofin Finance Ministers meeting in Luxembourg, 17 June 2016.

Moscovici: “For too long, some companies have been able to take advantage of the mismatches between different member states tax systems to avoid billions of euros in tax.”

The EU Commission has welcomed the agreement reached by member states on new anti-tax avoidance rules.

Aggressive tax practices by large companies need to be fought efficiently and effectively, so this is the reason why the EU Commission has first proposed these legally-binding rules on January.

This newly agreed package is considered particularly timely, given the recent Panama Papers revelations. This Anti Tax Avoidance Package, calls on Member States to take a stronger and more coordina...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now