Arab Today, arab today eu parliament approves luxleaks tax probe
Last Updated : GMT 07:11:16
Arab Today, arab today
Arab Today, arab today

EU parliament approves LuxLeaks tax probe

Arab Today, arab today

Arab Today, arab today EU parliament approves LuxLeaks tax probe

European Commission President Jean-Claude Juncker
Strasbourg - AFP

EU lawmakers approved a probe Thursday into suspect tax breaks that critics said had been watered down, as the Luxleaks scandal continues to dog current European Commission President Jean-Claude Juncker.
The new commission of inquiry will last six months and examine whether any of the 28 European Union member states offer sweetheart tax deals to attract top companies, giving them an unfair advantage over their EU neighbours.
Disney, Microsoft and Heinz are among dozens of companies linked to the "LuxLeaks" scandal unearthed by investigative journalists late last year.
The revelations put Juncker in an uncomfortable spotlight, since many of the contested deals were made during his 19 years as Luxembourg's prime minister.
The Greens group collected some 190 votes to oblige the European Parliament to launch an full-blown investigation with real powers into the normally secret tax affairs of member states and big companies.
However, Parliament President Martin Schulz decided on his own authority to ignore the Greens' proposal, and instead approve a probe with weaker powers, said joint party head Philippe Lambers.
"This was in breach of European Union law," Lamberts said.
However senior lawmaker Philippe Juvin of the centre-right European People's Party, said that the Greens' proposal lacked political support, and pandered to popular opinion by trying to single out Juncker.
The new commission "will have as its mission to bring to light all fiscal practices in all member states and not just those in Luxembourg," Juvin said in a statement.
The European Commission, the EU's executive arm, is already carrying out probes into several specific tax deals, including arrangements linking Luxembourg and online retailer Amazon, and Starbucks with the Netherlands.
Tax avoidance, whereby a company or individual minimises their tax burden is legal. But tax evasion, where they try to hide their wealth and so avoid tax completely, is illegal.
Both practices, however, have raised a storm at a time when ordinary taxpayers have had to tighten their belts to help governments balance the books.

 

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*

Arab Today, arab today eu parliament approves luxleaks tax probe Arab Today, arab today eu parliament approves luxleaks tax probe

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday