Tackling corporate tax avoidance

28.4.2016

Question for written answer E-003491-16
to the Commission
Rule 130
Neena Gill (S&D)

The joint meeting of the Tax 2/Economic and Monetary Affairs/Legal Affairs Committees with Commissioner Hill (responsible for financial stability, financial services and capital markets union) on 20 April 2016 featured an exchange of views on the Commission’s proposals for country-by-country reporting for multinational corporations. As a result, I would like to ask the Commission the following:

• 1.Commissioner Hill mentioned at this meeting that it will be up to Member States to decide sanctions for uncompliant corporations. Will the Commission be providing guidelines for what form these sanctions should take?
• 2.Corporate tax avoidance costs the EU an estimated EUR 70 billion per year. Does the Commission have a target for how country-by-country reporting could reduce this figure, and if so by how much?