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"Governments will need to look closely at their current tax systems and assess if they meet public expectation,” EU commission vice-president Jyrki Katainen said. (Photo: Fotolia)

EU states warm to tax avoidance measures

The EU is accelerating towards stronger legislation on corporate tax in the wake of the European Commission's order to Apple to pay a record-breaking €13 billion of tax in Ireland.

At a meeting in Bratislava, finance ministers appeared to achieve broad consensus and endorsed a European Commission proposal to fight tax avoidance.

The aim is to reduce tax uncertainty through implementation of already existing tax laws alongside “further harmonisation and binding tax rulings”, Pete...

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"Governments will need to look closely at their current tax systems and assess if they meet public expectation,” EU commission vice-president Jyrki Katainen said. (Photo: Fotolia)

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