UK Will not Support the EU Tackling Low Tax Rates for Multinationals

UK Will not Support the EU Tackling Low Tax Rates for Multinationals

Published on 29/06/2015

Britain will not adopt common taxation rules with the EU as it attempts to combat multinational tax avoidance.

Brussels is keen to introduce certain common tax harmonisation rules which would go some way to eliminating the option for companies to divert profits through low-tax jurisdictions such as Luxembourg.

However, financial secretary to the Treasury, David Gauke has stated that Britain would not adopt the measures. German MEP Michael Theurer said that “It was a real shock from the minister.”

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