Taxation in the news: Brussels’ Anti Tax Avoidance Package and Google’s tax practices
The European Commission has presentation an Anti Tax Avoidance Package, which aims to prevent companies in the EU from shifting their profits to low-tax countries. The publication came in the midst of rising discussions concerning Google’s tax practices. According to Italian authorities, Google has evaded 227 million euros in taxes between 2009 and 2013. On top of that, controversy has arisen in the United Kingdom concerning the revelation of a 130 million pound tax deal between Google and national tax authorities.