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Oxfam activists mocked up their own Caribbean tax-haven outside the EU commission building in Brussels earlier this year (Photo: Oxfam)

EU struggles to close tax loopholes with new law

EU states have cleared a deal that aims to close some of the loopholes used by large companies to dodge taxes.

Finance ministers tentatively agreed to an anti-tax avoidance directive last Thursday, pending consultations with capitals. Their representatives gave a final green light on Tuesday (21 June).

The outcome received a warm welcome from the European Commission, which had proposed the draft legislation in January.

”Today’s agreement strikes a serious blow against thos...

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Oxfam activists mocked up their own Caribbean tax-haven outside the EU commission building in Brussels earlier this year (Photo: Oxfam)

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