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

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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