The European Parliament votes for minimum tax rates on royalties and makes it harder for business to dodge taxes
September 25th, 2012
On September 11th the European Parliament voted in favour of introducing a minimum tax rate on interests and royalty income. This is a crucial step in the fight against tax dodging by multinational companies. Royalties and interest payments made between subsidiaries of the same company are two of the main instruments used by multinational companies to evade taxes, at the moment this is far too easy.
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