EU committee to vote on plans to curb tax avoidance

edward222 · Dec 1, 2015

Credit to: Tax News : EU committee to vote on plans to curb tax avoidance

EU countries should be compelled to inform other member states in advance of plans to introduce tax initiatives that could affect their own or another countrys effective tax rate, according to a report to be considered by the European Parliaments economics committee today.

The report, initiated in the wake of the Lux Leaks scandal, also calls on the European Commission to amend the system whereby money recovered during a state aid investigation is returned to the member state which granted the illegal tax-related aid.

This could have implications for Ireland if the European Commission rules against Apple in its ongoing investigation into the companys tax relationship with the State.
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EU committee to vote on plans to curb tax avoidance

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