EU wants to close tax loopholes | economy | DW.COM | 03/08/2016

Internationale Konzerne sollen Gewinne dort versteuern, wo sie entstehen. Das fordern die EU-Finanzminister nach einer Sitzung in Brüssel. Bis der Vorstoß rechtlich bindend werden kann, dauert es aber noch.

Source: EU wants to close tax loopholes | economy | DW.COM | 03/08/2016

The Netherlands currently holds the EU presidency.

According to multi-national corporations pay taxes where profits are generated. The European Parliament has to relate to the change in the law still position.

The European Commission had presented a comprehensive package of legislation to combat tax evasion in January. In this they are, inter alia, recommendations on how individual countries effectively protect their tax treaties against abuse and this may act in accordance with EU law.

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