European Parliament - Examining Unfair Tax Practices | KPMG | CA

European Parliament - Examining Unfair Tax Practices

European Parliament - Examining Unfair Tax Practices

The European Parliament recently launched a special parliamentary committee to examine the tax rulings in European member states.

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The European Parliament recently launched a special parliamentary committee to look at the tax rulings in European member states, examine ways to end unfair tax practices and combat tax evasion in the European Union. The committee is intended to follow up on investigations launched by the European Commission into tax rulings for multinational corporations in Luxembourg, Ireland, Belgium and the Netherlands.

In particular, the committee will:

  • Look into tax ruling practices from 1991 to the present
  • Review how the European Commission treats state aid in member states
  • Determine the extent to which member states are transparent about their tax rulings
  • Ascertain the negative effect of aggressive tax planning on public finances
  • Make recommendations.

For more information, contact your KPMG adviser.

Disclaimer

Information is current to March 10, 2015.

The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

For more information, contact KPMG's National Tax Centre at 416.777.8500

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