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Home BUSINESSUrpilainen sees shortcomings in EU law
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Mon, 11 Apr, 2016 12:20:21 AM
Tax evasion
FTimes- STT Report, Apr 11
Former Finance Minister and SDP lawmaker Jutta Urpilainen. File Photo Lehtikuva.
Former finance minister and Suomen Sosialidemokraattinen Puolue (Social Democratic Party of Finland-SDP) lawmaker Jutta Urpilainen has criticised the European Commission’s legislative package for having serious shortcomings in curbing tax evasions.
The worst shortcoming, according to Urpilainen, is the failure of the package to oblige multinational companies to report their profits and information on country-specific taxation.
Writing on her blog, Urpilainen however said the legislative package should go through and should receive the backing of the all the member states.
Tax gimmicky by major companies undermines the future of welfare services, wrote Urpilainen.
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