Saturday , February 27 2021
Breaking News
Home / Government warns EU against tougher tax rules
Government warns EU against tougher tax rules

Government warns EU against tougher tax rules

PARIS: The Government has warned the European Union not to attempt to go beyond plans published on Monday that seek to lay down new global rules on taxing multinationals.

In its report, the Organisation for Economic Co-Operation and Development said governments were “conservatively” losing $240 billion (€213 billion) annually from aggressive tax planning by multinationals.

Speaking in Luxembourg, Minister for Finance Michael Noonan warned the EU against plans favoured by the European Commission to lay down tougher rules.