ARTICLE · 17 DECEMBER 2012

Commission Recommendation On Aggressive Tax Planning

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The European Commission’s action plan to combat tax evasion, published yesterday, was introduced by EU Taxation Policy Commissioner Algirdas Semeta following a request by Member States at the European Council in March 2012 for the Commission to "rapidly develop concrete ways to improve the fight against tax fraud and tax evasion".

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New Proposals: Unfair Tax Competition Between EU Member States

The European Commission's action plan to combat tax evasion, published yesterday, was introduced by EU Taxation Policy Commissioner Algirdas Semeta following a request by Member States at the European Council in March 2012 for the Commission to "rapidly develop concrete ways to improve the fight against tax fraud and tax evasion". Publication this month is particularly topical following the widely publicised debates in both Britain and France regarding the corporation tax paid by multinationals in those jurisdictions.

The action plan contains a comprehensive set of measures, which the Commission claims will help Member States "protect their tax bases and recapture billions of euro legitimately due". As an initial step in implementing the action plan, the Commission has adopted two recommendations to encourage Member States to take "immediate and coordinated action" on specific pressing problems.

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