no conflict of interest over luxembourg tax breaks
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

EU's Jean-Claude Juncker:

No 'conflict of interest' over Luxembourg tax breaks

Arab Today, arab today

Arab Today, arab today No 'conflict of interest' over Luxembourg tax breaks

New European Commission chief Jean-Claude Juncker
Brussels - Arab Today

 European Commission head Jean-Claude Juncker said Wednesday he faced no conflict of interest in his new post over investigations into huge tax breaks agreed with top international firms when he was Luxembourg premier.
"I have said that the Commission would fight tax evasion and fiscal fraud," an under-fire Juncker said in a surprise press appearance.
"I want everyone to know that those are not just words but really reflect the Commission's aim," he said amid a barrage of questions about his role in arranging such sweetheart tax deals during his 19 years as Luxembourg prime minister.
"There is no conflict of interest when the Commission launches probes" into such arrangements, he said, adding he could not understand why the issue should be portrayed in that way.
Reports about the tax breaks surfaced last week, putting Juncker, who only took office on November 1, immediately in the firing line given the European Union's headline commitment to fighting tax fraud.
Leaked documents showed the tiny duchy of Luxembourg gave hundreds of global firms huge tax breaks, among them household names such as Pepsi, IKEA and Deutsche Bank.
The Commission has launched a series of investigations into tax arrangements in Ireland, the Netherlands and Luxembourg on the grounds they might infringe state aid rules by unfairly favouring some companies over others.
The "Luxleaks" documents showed that billions were funnelled through Luxembourg thanks to complex financial structures that allowed companies to slash their tax liabilities, depriving hard-up governments of revenue.
EU Competition Commissioner Margrethe Vestager has promised to press on with the probes and Juncker earlier said he would let the process take its course, as it should.
However, questions about his role in deals which are technically legal but go against the grain at a time of austerity, refuse to go away.
On Wednesday, Juncker turned up at the Commission's midday press conference unannounced, only for journalists to question his credibility and suitability as head of the EU's key executive arm.
"I'm as suitable as you are," Juncker replied to one journalist.
Juncker said that as head of the Commission he could no longer comment on Luxembourg's affairs.
Some 22 of the 28 EU states had similar tax arrangements, he said, and the issue was to ensure that they did not violate state aid rules.
Source: AFP

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no conflict of interest over luxembourg tax breaks no conflict of interest over luxembourg tax breaks

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no conflict of interest over luxembourg tax breaks no conflict of interest over luxembourg tax breaks

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday