Anneliese Dodds MEP

The South East's Voice in Europe

New tax action plan

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Anneliese has welcomed the news of a new action plan to create a fair and efficient corporate tax system - while making clear that there is much more work to be done.

Anneliese has welcomed today's announcement from the European Commission of a new action plan to create a fair and efficient corporate tax system - while making clear that there is still much more work to be done.

The action plan includes proposals for establishing a common tax base for multinational companies operating in Europe, as well as making sure that companies always pay their taxes in the country where they make their profits.  The Commission is also publishing an agreed EU list of "non-cooperative jurisdictions", or tax havens.

However, when it comes to the introduction of country-by-country reporting for multinational companies, the Commission has merely said that it will conduct a public consultation before writing an impact assessment sometime next year.

In response to the announcement, Anneliese said: "This shows that the EU is genuinely listening to the millions of people across Europe who want to see tax dodging stamped out for good.

"Labour MEPs have long been calling for more to be done to make sure that large companies cannot artificially move their profits around in order to pay almost nothing in tax.  It's completely unfair on the thousands of small businesses in the UK who do the right thing and pay their full share.  Today's proposals should go some way towards solving that problem, as long as Member States play their part and make sure those proposals become reality."

She added: "But today's announcement is far from perfect.  The Commission is still dragging its feet when it comes to introducing country-by-country reporting.  This has now been called for by the European Parliament, civil society organisations, businesses themselves and millions of citizens across Europe as one of the best ways to fight tax evasion and aggressive tax avoidance – and the Commission's response is nothing more than to launch a consultation. The people of Europe deserve better than that."

Today's announcement comes ahead of a visit to the UK by the European Parliament's Special Committee into Tax Rulings on Thursday (18 June), which Anneliese will attend in her role as co-author of the Parliament's legislative proposals for tackling tax dodging.

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