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12 EU states reject move to expose companies’ tax avoidance

12 EU states reject move to expose companies’ tax avoidance

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8 comments

  1. My country voted against it. Fucking shortsighted assholes.

    Sorry for the language but I’m so sick of our government bending over backwards for big business while our services are being gutted from underfunding.

  2. >The Irish Fiscal Advisory Council (IFAC) warned on Thursday that the country’s economy has become so reliant on taxes paid by multinationals that half of all of corporate taxes paid in the nation come from just 10 global companies. The firms are not named, but they are believed to include US technology giants Apple, Facebook, Microsoft, Dell, Google and Oracle.

    >Other countries that have set themselves up as low-tax environments helping to shelter the profits of the world’s biggest companies were also among those that voted against. They include Luxembourg, Malta, Cyprus, Latvia, Slovenia, Estonia, Austria, Czech Republic, Hungary, and Croatia.

    >Sweden also voted against the proposed rule, but because its government feared that the directive might water down their higher standards on transparency. France, Spain and the Netherlands were among those voting for the proposals. Germany abstained.

    The countries that voted against. Germany abstained and Sweden voted against because it feared that the proposal would water down Sweden’s very far reaching transparency.

  3. As much as I love Ireland and Irish people… honestly – ef-you!

    Also, can be collectively joined by: _”those that voted against. They include Luxembourg, Malta, Cyprus, Latvia, Slovenia, Estonia, Austria, Czech Republic, Hungary, and Croatia”_

  4. And now the politicians can claim “well, we tried!” and nothing will happen and all was well with the world. Well, until the next economic crisis hits, anyway.

  5. Smaller EU states simply cannot compete against the larger ones for business, companies need incentives to set up there. If you alter the rules then they become satellite states but I guess that’s what ~~The EU~~ Germany wants.

  6. Why do politicians decide for the whole country? Shouldn’t people vote on such matters?

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