(Bloomberg) Companies shouldn’t be able to get away with paying very low taxes—or none at all—in countries where they earn profits, EU Economic Affairs and Tax Commissioner Pierre Moscovici said as he introduced a package of proposals designed to curb tax evasion.
“The days are numbered for companies that aggressively reduce their tax bills,” Moscovici told reporters in Brussels ahead of Thursday’s announcement on the new measures. The commission has set a June goal for reaching political consensus on its proposals, which would require companies to share their country-by-country bills with tax authorities and would set minimum standards for EU nations when designing tax rules.
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