EN - Following the release of new information on the #LuxLeaks scandal, which reveals more on unfair tax practices, the Socialists and Democrats Group in the European Parliament urged the European Commission to take action or it will lose the support and confidence of the S&Ds. In an open letter sent to Jean-Claude Juncker, the S&D Group president, Gianni Pittella, called for targeted measures to tackle aggressive corporate #taxplanning and #taxavoidance. EXTRACT from the transcript - Elisa Ferreira (S&D, PT): The LuxLeaks scandal was not a new discovery. The Socialists and Democrats have raised this issue a long time ago. We produced a fact-finding report in February 2012 which highlighted that €1 trillion is lost every year through tax avoidance, tax fraud and aggressive tax planning. Now is the time for action. Eva Kaili (S&D, EL), rapporteur on the annual tax report: The momentum of Lux Leaks shows the need to act now, to tackle corporate tax avoidance and aggressive tax planning. We have set out a long list of demands, including measures to reduce the mismatches between different tax systems, rules to extend country-by-country reporting to businesses in order to monitor where profits are located and where taxes are paid, and a common EU position and criteria to define what counts as a tax haven. The diagnosis is made and the solutions are known. We must act without delay. © Frédérick Moulin 2014 - EU 2014 - All rights reserved.
Posted on: Sun, 14 Dec 2014 04:49:06 +0000
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