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Wednesday, September 11, 2013

Sooner or later- sweetheart tax deals under "Brussels- scope"

Brussels launches investigation into Ireland’s multinational tax deals - Political News | Irish & International Politics | The Irish Times - Thu, Sep 12, 2013: "If the Commission finds cause for concern, it will open a formal investigation and start a process that could force Ireland and the other countries to recoup all the lost revenues from any outlawed tax deals. A Commission spokesperson said: “At the moment, we are simply gathering information on tax rulings.”
The Hague, Dublin and Luxembourg have all been forced to counter claims that they are acting as tax havens, giving big corporations a base to reduce their tax bill worldwide. The rulings under scrutiny give assurances to companies – sometimes in advance of a decision to relocate – over how their tax affairs will be treated.
The Department of Finance said it was not aware of a formal EU state aid inquiry but said it received queries from the Commission “from time to time” on a range of issues including tax."

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