The issue of large-scale tax dodging by multinational corporations and wealthy individuals has been high on the political agenda for years. This is not least because of numerous international tax scandals, which have revealed shocking examples of how some of the world’s largest corporations and richest people are using international structures and tax havens to evade or avoid taxation.
In the lead up to the European elections in 2014, all major party groupings in the European Parliament issued statements supporting the fight against large-scale international tax dodging.
Civil society organisations from across Europe have campaigned for a tax system which reduces inequality within and between nations, and mobilises the resources required to ensure development and the to achieve the sustainable development goals.
Letting the public know what multinational corporations pay in taxes and where they do business
Ending secret shell-companies and anonymous trusts
Assessing the impacts of EU policies on developing countries
Taxing multinational corporations where they do business
Giving developing countries a seat at the table
The European Parliament, Commission and EU Member States will now enter into negotiations about whether the public should be allowed to know where multinational corporations do business and how much they pay in taxes. During these negotiations, it is vital that the European Parliament not only continues to support the public’s right to information, but also closes the loopholes which can provide ways for multinational corporations to conceal key data on their activities in tax havens.