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Estimates cited by the European Parliament suggest the annual value of tax fraud and tax avoidance is up to €1 trillion (Photo: Wolfgang Staudt)

MEPs want companies tax dodges repaid into EU budget

The proceeds from illegal tax breaks brokered between an EU state and a multinational company, known as clawbacks, should be returned either to the EU budget or to the coffer of other states unfairly deprived of the money, according to MEPs.

The idea was endorsed by the European parliament in a non-binding resolution adopted on Tuesday (19 January) in Strasbourg.

German centre-right MEP Werner Langen, who drafted the parliamentary report, said in a statement that "countries that ...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Estimates cited by the European Parliament suggest the annual value of tax fraud and tax avoidance is up to €1 trillion (Photo: Wolfgang Staudt)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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