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Commision's tax drive unsettles multinationals

Commision's tax drive unsettles multinationals
Global
20 Oct 2014

First published in The Wall Street Journal, 16 October 2014

Europe’s top antitrust regulator, the Brussels-based European Commission, has launched an unexpected assault on what it suspects are sweetheart tax deals for multinational companies, plowing into an area traditionally regarded as the sovereign preserve of national governments.

“The European Commission is really overstepping the mark,” said Keith O’Donnell. “Is that really the commission’s role? Do they want to make themselves the tax police across Europe?”

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Taxand's Take

The consequence of these investigations could be that the commission becomes the final arbiter for all EU tax deals, a role for which it appears to lack both qualifications and resources.

Taxand's Take Author

Keith O'Donnell
Taxand Board member & Taxand global real estate tax service line leader
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