Germany accuses Italy, France and Spain of allowing TAX EVASION and draining EU funds
A press review on tax evasion in the European Union.
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"GERMANY has accused Italy, France and Spain accusing of allowing huge companies to avoid paying billions in tax and draining EU funds in the process. (...)
Berlin officials have claimed the three EU member states have been deliberately unhelpful in the battle to clampdown on tax-dodging by large companies.
In an astonishing attack, Germany says the trio have kept open loopholes allowing corporations to circumvent tax agreements, leaving the bloc open to losing 50 to 70 billion euros in revenues eat year.
Britain was also holding up attempts to reform the system, according to German officials, who claim the country is blocking the planned publication of an EU-wide blacklist of tax havens.
The report was supposed to have been made public by the end of this year.
MEP Fabio De Masi from The Left Party claimed Britain was trying to protect is oversea territories by holding up reform.
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The full article can be read here online.