Saturday, September 10, 2016

'Times are changing, pay your taxes', euro zone chief tells corporations

Not my parrot!
BRATISLAVA (Reuters) - Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union's fight against tax-dodging.

In the wake of the 'Panama Papers' revelations of widespread tax-avoidance practices, Brussels has toughened up its drive for fairness by tightening controls and adopting stricter rules.

The recent shock multi-billion euro tax demand on Apple AAPL.O was part of that trend as the EU also drafts plans for a common corporate tax base and a single European blacklist for tax havens.

"My message to those companies is you are fighting the wrong battle. You have to move on. Times are changing," the head of the eurogroup and Dutch Finance Minister Jeroen Dijsselbloem told reporters on arriving at a meeting of EU finance ministers in Bratislava.  (more...)

The lever pulled. The trapdoor opens. The body drops. The noose snaps tight.

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