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THE EUROPEAN COMMISSION will today publish a report aimed at clamping down on corporate tax avoidance.
The proposal will amend the Parent/Subsidiary Directive, adopted in 1990 and which was originally intended to allow companies operating across different member states to avoid double taxation.
However, this created a loophole which has resulted in some companies being able to avoid paying tax completely.
The Commission is to propose the introduction of a “common anti-abuse rule”, allowing companies to be taxed on the “basis of real economic substance” and to ignore artificial arrangements.
It also plans to amend the Directive to close loopholes and tighten up tax exemption regulations.
The measures today are part of a wide range of plans announced last December by the Commission aimed at tackling the issue of the tax evasion in the European Union.
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The United States not the regular people but the elites are a parody at this stage. Rome Nero springs to mind. The leadership options of most powerful person on the planet is like planet of the apes. Thank God for Bernie Sanders .
It might be an idea to check if the content is playable in the country your posting the article to..
Get HotSpot Shield to get an US IP address
sorry jade nothing can make Enda look good,
This lad makes Enda look good.
I just came on to write exactly the same. We all can’t be wrong!!
Biffo made Enda look good. Enda is no good.
Cowen did not make anyone look good.
Even knowing how dysfunctional they are we will still bow down at this guys feet if he is elected. Our eagerness to support his every whim, to justify his every action will know no bounds if he were to become president of the U.S. Makes us more dysfunctional than them!?
Want to make America great again Donald?
Heres a start: How about nobody talks about you anymore.
Cameron’s pig makes Enda look good!
It’s the first I’ve heard of a big fat meatball declining a big fat meatball…
Europe needs a great and beautiful wall.
it will be great for Irelands tourism industry to have a golf course (doondeg) owned by the next president of the United States. Just think of who may get off airforce one in shannon to play a fourball. President Trump, Putin, Pope Frances and Castro. Now that would get the media talking about the West of Ireland
How in Gods name could any cavalier billionaire understand or relate to the average man on the street.
Does he really want to run a country from the safety of his own private planet? And if so you’d have to question that motive in itself.
have your say