Pierre Moscovici speaks with journalists at the Paris Agriculture Show, 2 March 2018
Photo: European Commission/Thomas Padilla
Luxembourg and six other EU countries will be cited for their “aggressive” tax policies in a report to be issued by the European Commission on Wednesday.
“These practices undermine fairness and the level playing field in our internal market, and they increase the burden on EU taxpayers,” Pierre Moscovici, the European finance commissioner, was quoted by the AFP news agency as saying on 6 March.
In addition to the grand duchy, the commission report is expected to call out Belgium, Cyprus, Hungary, Ireland, Malta and the Netherlands as providing favourable treatment to multinational corporations.
Moscovici called Luxembourg, Cyprus, Ireland and the Netherlands “fiscal black holes” in January.
According to the AFP, Moscovici said on Tuesday that:
“While we recognise the steps some of these member states have taken to adapt their tax model recently, clearly more needs to be done… We must ensure that fair taxation becomes the rule without exceptions.”