The president of the European Commission has issued a damning indictment of the EU\u2019s corporate tax rules, saying in no uncertain terms that the current system is \u201cunfit for purpose.\u201d<\/p>\n
Jean-Claude Juncker made the comments at a joint meeting of MEPs earlier this week and said that reforming the current arrangements needed to be one of the Commission\u2019s top ten priorities.<\/p>\n
\u201cWe need a better insight into how multinational companies behave and how they make use of the differences between countries,\u201d he said.<\/p>\n
To limit the options for those who engage in tax evasion and avoidance, Mr Juncker indicated that the time had come for countries to develop a cross-border strategy \u2013 admitting that too many businesses took advantage of countries\u2019 differing laws.<\/p>\n
\u201cWe need to move towards tax harmonisation. The internal market is incomplete in the area of corporate taxation,\u201d he added.<\/p>\n
He also took the opportunity to hit back at allegations that a number of multi-national companies had enjoyed favourable tax rulings during the time that he was Prime Minister of Luxembourg.<\/p>\n
\u201cI didn\u2019t set up any system in Luxembourg in order to ensure that there was tax avoidance in order to discriminate against other European member states. You actually in fact exaggerate my political talent in that respect,\u201d he told MEPs.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The president of the European Commission has issued a damning indictment of the EU\u2019s corporate tax rules, saying in no uncertain terms that the current system is \u201cunfit for purpose.\u201d<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/974"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=974"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/974\/revisions"}],"predecessor-version":[{"id":975,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/974\/revisions\/975"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}