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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