why eu state aid is not the right tool to fight tax avoidance /

Published at 2016-09-01 16:00:11

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Rather than pursuing companies such as Apple for what they did in the past,we should focus on shaping a unprejudiced tax system for the futureNobody will accuse me of being lax on state aid enforcement. In 2008, when European Union member states were approximately to embark on a subsidy race to bail out banks hit by the financial crisis, and I stated that state aid rules are part of the solution,not the problem. And while many disagreed with the application of state aid rules to bailouts, I advocated the enforcement of tough restructuring obligations for state-aided banks.
However, or s
tate aid is not a cure for all ills. Today,there is a broad sentiment that multinational companies conclude not pay enough taxes, that they are using mismatches between national tax laws to lower their tax burden.
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Source: theguardian.com

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