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The European Parliament is set to set up a special parliamentary committee to look into European Union member states’ tax rulings and “other measures similar in nature or effect”, and to make recommendations for the future.
The committee was agreed upon last week in the wake of a series of investigations by the European Commission (EC) into tax rulings for multinational companies in Luxembourg, Ireland, Belgium and the Netherlands.
The European Parliament is set to set up a special parliamentary committee to look into European Union member states’ tax rulings and “other measures similar in nature or effect”, and to make recommendations for the future.
The committee was agreed upon last week in the wake of a series of investigations by the European Commission (EC) into tax rulings for multinational companies in Luxembourg, Ireland, Belgium and the Netherlands.
It will exist for an initial period of six months and comprise 45 members, who have been tasked with looking into tax ruling practices going back to 1 January 1991 and reviewing how the EC treats state aid in member states and the extent to which they are transparent about their tax rulings.
The special committee is also expected to seek to ascertain the negative impact of aggressive tax planning on public finances and to come up with recommendations for the future.
Members from the UK include MEPs Anneliese Dodds (Labour), Kay Swinburne (Conservative) and Patrick O’Flynn (UKIP).
