EU plans clampdown on pro-corporate tax systems to aid recovery – ZAWYA

EU plans clampdown on pro-corporate tax systems to aid recovery – ZAWYA

EU plans clampdown on pro-corporate tax systems to aid recovery | ZAWYA MENA Edition HomeEconomyArticleEU plans clampdown on pro-corporate tax systems to aid recovery European Union countries are seeking to shore up public revenues    BRUSSELS- The European Commission on Wednesday unveiled plans to clamp down on tax regimes seen as unduly beneficial to big corporations in a move it said would aid Europe's recovery from the COVID-19 pandemic.European Union countries are seeking to shore up public revenues to fund economic recovery at a time of mounting public anger over tax avoidance by corporations - in particular, multinational digital giants - and wealthy individuals.The Commission - the EU's executive - said it would expand its tax code of conduct to tackle member states' corporate tax regimes that have broadly harmful effects.European Union countries are seeking to shore up public revenues to fund economic recovery at a time of mounting public anger over tax avoidance by corporations - in particular, multinational digital giants - and wealthy individuals.BRUSSELS- The European Commission on Wednesday unveiled plans to clamp down on tax regimes seen as unduly beneficial to big corporations in a move it said would aid Europe's recovery from the COVID-19 pandemic.The Commission