Google tax: EU Proposes Clampdown on Tax Evasion
By Paul Haydon (Press Officer, Catherine Bearder MEP)
Originally published by East Midlands Liberal Democrats
NEWS RELEASE
CATHERINE BEARDER MEP
South East England
www.bearder.eu
Date: 28/01/2016
Contact: Paul Haydon, +32 4837 36457
Embargo: Immediate
Google tax: EU proposes clampdown on tax evasion
The Commission has unveiled a set of proposals to crack down on tax evasion and avoidance, including requiring EU countries to share tax information about large multinational corporations with each other.
The news comes amid growing controversy over a deal struck by the UK government with Google, which netted the Treasury just £130m in tax for an estimated £3.9bn in profits over ten years.
Liberal Democrat MEP Catherine Bearder commented:
"More transparency is needed across Europe to end these cosy deals and ensure corporations pay their fair share. As well being shared between governments, information about multinationals' tax affairs must be made publicly available. Only by working together in Europe can we stamp out tax avoidance and get a better deal for British taxpayers."
ENDS
Published and promoted by Tim Gordon on behalf of the Liberal Democrats, both at LDHQ, 8-10 Great George Street, London, SW1P 3AE.
Paul Haydon
Press Officer | Catherine Bearder MEP
European Parliament
Tel (BXL): +32 228 47632 | Tel (STB): +33 3881 75632 | Mobile: +32 4837 36457
Twitter: @Paul_Haydon