[ Diretor: Mário Frota [ Coordenador Editorial: José Carlos Fernandes Pereira [ Fundado em 30-11-1999 [ Edição III [ Ano XII

quinta-feira, 26 de outubro de 2017

Commission launches probe into UK tax exemption for multinationals

Commissioner of Margrethe Vestager said that the exemptions offered by the UK could represent an illegal advantage.
[European Commission]

This is the latest effort by Competition Commissioner Margrethe Vestager against tax erosion and tax avoidance practices, one of the Commission’s top priorities since 2014.

The executive will look into whether the UK allowed corporations to pay less taxes in their territory by protecting them from anti-tax avoidance rules.

“Rules targeting tax avoidance cannot go against their purpose and treat some companies better than others,” Vestager said.

“This is why we will carefully look at an exemption to the UK’s anti-tax avoidance rules for certain transactions by multinationals,” she added in a statement.


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