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Tax evasion: billions of euros lost due to tax avoidance, the Greens assert

March 18, 2014 - Financial & Competition

Jennifer Baker is joined by Helmut Weixler, spokesperson for the Greens’ Group, to discuss tax evasion and avoidance problems in Europe.

Weixler claims, that billions of euros are lost due to the financial manipulations, when big international companies use loopholes to avoid or minimise tax payment. “It is important to close these loopholes and harmonise the EU taxation system, so that companies do not use the benefits of different member states taxation rates”, claims the spokesperson for the Greens’ Group. The hearing on the Common system of taxation applicable in the case of parent companies and subsidiaries of different Member States takes place at the Economic and Monetary Affairs (ECON) Committee on March 18.

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