European Commission’s tax proposal slammed by War on Want

12 April 2016 - 2:00pm
Press release

Responding to the European Commission’s proposal for country by country reporting for mulitnationals, Owen Espley, Tax Campaigner at War on Want said:

“The European Commission’s proposal is a smokescreen that will not stop multinationals dodging their taxes. Between 85-90% of the world’s multinationals will not have to report under the proposal and of the remainder that do, they won’t have to report in every country.  The Commission offers no assurance that notorious tax havens such as British Virgin Islands, Switzerland, or  Delaware in the US will be covered.

“The Commission has once more taken the side of tax dodging multinationals against the European public. The proposal is a recipe for more austerity, cuts to public services and tax competition, and leaves no seat at the table for southern countries, for whom genuine country-by-country reporting could help to collect taxes to fund essential public services.

“The European Commission’s proposal is a kick in the teeth to the hundreds of thousands of Europeans who have been demanding the EU take action to tackle tax dodging.”

 

Notes to Editors

Contact Ross Hemingway 07983 550 728 to arrange interviews.

  • Over 270,000 signatures have been collected on petitions calling for public country by country reporting. See www.waronwant.org
  • On 26 April 2016, the court case against LuxLeaks whistleblower Antoine Deltour will begin in Luxembourg. Later on, a similar case will begin against Edouard Perrin – a French journalist who covered the story. Both these men could face up to 5 years in prison, despite the fact that all they’ve done is to show the public that multinational corporations are dodging taxes.
  • Corporate tax dodging cost Zambia $3 million billion a year http://www.waronwant.org/media/corporate-tax-dodging-costs-zambia-3-bill...

 

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