Saturday September 26, 2020

Sweetheart deal or state subsidy?

The battle over Beps is far from over. Now it is time for the policy-makers to join the fray, writes Philip Connolly

8th January, 2015
6

In late December, Luxembourg Finance Minister Pierre Gramegna called the disclosure of thousands of pages of confidential documents on Luxembourg tax deals a “game changer” that led European Union regulators to expand their probe into tax to all 28 nations across the union.

For multinational firms, it was just the latest in a series of game changers as the tax world changes around them.

If 2014 marked a sea-change in the attitude towards multinationals,...

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