“Immediately is a step ahead. And it’s encouraging for us to do extra,” mentioned Vestager. “The Fee will proceed its work on dangerous tax competitors and aggressive tax planning.”
However there’s nonetheless extra to be completed. “Aggressive tax planning practices are nonetheless widespread.” For instance, the Netherlands has not but adjusted the tax rules for worldwide multinationals, she mentioned. The identical goes for Eire, Belgium, and Luxembourg, Vestager mentioned.
Apple has improperly acquired state support from Eire and now has to repay 13 billion euros to Eire, plus 1.2 billion euros in curiosity, as dominated by the best European courtroom. Google should definitively pay a 2.4 billion euro high quality. The European Fee imposed the financial penalty in 2017 for alleged abuse of dominance in its worth comparability service. On this case too, the courtroom dominated that the high quality was justified.
In line with Vestager, the investigations by the European Fee into state support or tax benefits to worldwide corporations have already led to completely different insurance policies within the member states lately, together with the Netherlands. “The coverage concerning tax preparations has modified within the Netherlands. Since 2019, the Netherlands has adopted laws to counter using empty corporations to evade or keep away from taxes,” mentioned Vestager.
(September 10)
