German, French, and Italian finance ministers have asked the EU Commission to take immediate steps to more aggressively tackle corporate tax avoidance in the EU. In a letter addressed to European economy, finance and tax commissioner Pierre Moscovici, obtained by at least four major newspapers, the ministers reportedly said the Commission should quickly introduce a directive to curb tax competition among EU states and fight aggressive tax planning.
The ministers, Germany’s Wolfgang Schaeuble, France’s Michel Sapin, and Italy’s Pier Carlo Padoan said that the EU Commission’s recently publicized proposal to introduce exchange of private tax rulings do not go far enough to combat MNE tax avoidance in Europe.
For discussion of the content of the letter see: Wall Street Journal, Reuters, Bloomberg, Financial Times
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