The report – prepared by co-rapporteurs Elisa Ferreira (S&D, PT) and Michael Theurer (ALDE, DE) – was approved by 34 votes to 3, with 7 abstentions.
MEPs base their recommendations on the principle that multinational companies should pay their taxes where they make their profits. They feel that today’s corporate tax competition – prompting aggressive tax planning and evasion, without any agreed framework – is harmful Apart from the loss of public income, it is considered unfair that big companies pay hardly any taxes on their profits, whereas citizens and small and medium-sized firms have to pay their full share.
Read full press release on EP website http://www.europarl.europa.eu/news/en/news-room/content/20151023IPR99008/html/Fairer-corporate-taxes-Special-Committee-on-Tax-Rulings-votes-recommendations
Read also previous news 23/10 Tax rulings: special committee finalises its recommendations