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Brussels slams seven EU states for ‘aggressive tax policies

Brussels slams seven EU states for ‘aggressive tax policies

BRUSSELS:  These practices undermine fairness and the level playing field in our internal market, and they increase the burden on EU taxpayers.”

Many of the targeted countries serve as EU headquarters for global multinationals, offering complicated tax schemes that help companies  such as Google, Apple or Facebook  to shift profits and avoid big tax bills.

Belguim Seven EU countries including the Netherlands and Hungary will on Wednesday face unprecedented criticism from Brussels for “aggressive” tax policies that undercut other member states, the bloc’s economic affairs commissioner said.

The European Commission, the EU’s powerful executive arm, will hand down the harsh judgment in its regular report on the economies of the union’s member states, Pierre Moscovici said on Tuesday.