Brussels plans attack on low-tax member states

is planning to pursue low-tax member states over their advantageous corporate tax regimes as pressure mounts on EU policymakers to crack down on sweetheart tax deals in the wake of the Covid-19 crisis.is exploring ways to trigger an unused treaty instrument to reduce multinationals’ ability to exploit highly advantageous corporate tax schemes.

Tax avoidance by multinationals has shot up the political agenda in the wake of the pandemic as governments around the world spend billions to kick-start their economies. The commission has also promised to revive its plans for an EU digital services tax on big technology companies after the US pulled out of international negotiations last month.

Brussels has in the past made numerous attempts to clamp down on aggressive tax planning schemes, but the moves have been traditionally vetoed by countries with more favourable tax rules. “This could be the key to unblocking the impasse we’ve had so far,” said a southern European diplomat.

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