On January 19, 2016 the European Parliament issued a press release announcing that on the same day the European Parliament approved a resolution stating a.o. that if the European Commission decides that an EU member state should recover money from a company due to infringements of tax-related state aid rules, this money should be returned not to the same member state, but to member states that have suffered an erosion of their tax bases or to the EU budget.

 

The press release furthermore states that the report a.o. welcomes the state aid investigations initiated by the Commission in 2014 into favourable “tax ruling” decisions for Starbucks (NL), Fiat (LU), Amazon (LU) and Apple (IE) and the subsequent investigations into all 28 member states' tax ruling practices. The report furthermore calls on EU member states to cooperate fully with these investigations and with the ongoing work of Parliament's Special Committee on Tax Rulings and Other Measures Similar in nature or Effect II.

 

According to the press release MEPs also press for a review of the current Value Added Tax (VAT) Directive, in order to make it more fraud resistant.

 

To be forwarded to the press release as issued by the European Parliament click here.

 

 

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