Parliament"s special committee on tax rulings discusses tax measures with representatives from multinationals and various tax authorities on Monday 14 March and Tuesday 15 March. Participants include Andorra, Liechtenstein, Monaco and the Channel Islands as well as Apple, Google, IKEA and McDonald's. MEPs have the opportunity to question them, especially regarding the latest developments in the area of corporate taxation.
The participants are expected to explain their practices and share their views on the European Commission's Anti-Tax Avoidance Package as well as on an action plan by the Organisation for Economic Co-operation and Development (OECD) to prevent companies from artificially shifting profits to low or no-tax locations where there is little or no economic activity. Also tax-related state aid verdicts and investigations by the Commission are likely to be discussed.
Although Apple, Google, IKEA and McDonald's agreed to explain their views in front of the committee, Fiat Chrysler and Starbucks declined, as did the Cayman Islands and the Isle of Man. It is not the first time that multinationals are invited to the Parliament. A tough debate took place last year in the previous special committee on tax rulings.
The Commission is investigating ambitious tax deals between large multinationals and member states. Latest developments include the following:
Follow the meetings live
The meeting with the Channel Islands - Jersey and Guernsey - is scheduled for Monday, starting at 15.00 CET. Representatives from Andorra, Liechtenstein and Monaco take the floor on Tuesday at 09.00 CET.
Tuesday afternoon is dedicated to the multinational corporations: the hearing starts at 15.00 CET.
Read more in our top story on corporate taxation.