The EU to debate the use of tax evasion schemes in 7 EU states

The EU to debate the use of tax evasion schemes in 7 EU states

The European Commission intends to draw attention to the use of «aggressive tax optimisation» policies in seven EU countries: Belgium, Hungary, Ireland, Cyprus, Luxembourg, Malta and the Netherlands. European media quote the EC Commissioner for Economic and Financial Affairs Pierre Moscovici.

According to Moscovici, these EU states «jeopardize the principle of fairness» of the EU’s domestic market, allowing companies to have an «aggressive tax planning», which violates the principle of fairness in competition and increases the tax burden of other European taxpayers. According to the European Commission, evasion of the fair taxation damages the budgets of the EU states in the amount from EUR 50 to 70 billion a year.

The EC have not clarified the choice for the 7 countries on the list, while leaving out Andorra, Monaco and others.

 

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