To: European Commission
European Commission: Tax Investigations Should Be Just The Beginning!
The European Commission is investigating Ireland, the Netherlands and Luxemburg for helping Apple, Starbucks and Fiat carry out mass tax evasion, transferring assets at artificial prices to cut their bills.
Though the investigation will shed light on how multinational corporations game the system, what we really need is an international effort to standardize transfer pricing and eliminate these tax code loopholes for good.
Governments shouldn't be distorting markets and depressing other countries' tax revenue so they can help corporations stash their profits. Join us in calling on the Commission to propose legislation to stop these corporate rum-runs now!
Though the investigation will shed light on how multinational corporations game the system, what we really need is an international effort to standardize transfer pricing and eliminate these tax code loopholes for good.
Governments shouldn't be distorting markets and depressing other countries' tax revenue so they can help corporations stash their profits. Join us in calling on the Commission to propose legislation to stop these corporate rum-runs now!
Why is this important?
It's a great first step in the crackdown on corporate cheating. But it's not enough.