MEPs recommend tightening noose on corporate tax evaders – Hayes

A European Parliament committee is demanding a fairer and more transparent corporate tax system across the EU. The Parliament’s Special Committee on Tax Rulings has just issued a report that makes a number of recommendations on corporate taxes. They include making every EU country report on the profits multinationals are making along with the taxes they are paying and any subsidies they receive. The aim is to ensure multinational companies pay their taxes where they make their profits. The Fine Gael MEP Brian Hayes says some of the Committee’s recommendations are too draconian.

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