Daily Management Review

Süddeutsche Zeitung: Large European companies pay less taxes than they should


01/28/2019


The first place in terms of the inconsistency between the due and actually paid taxes is taken by Luxembourg. The situation in the EU is the best is in Bulgaria, according to the research materials.



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Large corporations in the European Union almost never pay the taxes due to them in full. There is a huge discrepancy between officially appointed taxes and the amounts that multinational enterprises actually pay, the Süddeutsche Zeitung newspaper reported, citing a study conducted by the Greens faction in the European Parliament.

The largest discrepancies between nominal and deductible taxes are found in Luxembourg. Here, the official tax rate was 29 percent in the period from 2011 to 2015, while at the same time, the major concerns actually paid only two percent.

Tax deductions of concerns in Malta, Austria, the Netherlands and France are half as much as they should be.

In Germany, the tax rate is about 30 percent, but, in fact, only about 20 percent is deducted to the fiscal authorities.

Only in Bulgaria did the authors of the study find no discrepancies between nominal taxes and those actually paid by large corporations.

An expert of the Green faction in the European Parliament on financial policy Sven Giegold called for greater transparency of tax practices used by multinational enterprises. "The European Commission presented a good proposal for ensuring tax transparency in large concerns. Now the German Minister of Finance Olaf Scholz has to abandon the blockade tactics and speak in the EU Council in support of tax transparency," he said in an interview with Süddeutsche Zeitung.

source: dw.de






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