UK trips up EU plan to ham string industrial-scale corporate tax avoidance

‘Britain will not adopt new EU measures to tackle large-scale tax avoidance by multinational companies, the financial secretary to the Treasury has said.

Brussels hopes to implement a longstanding tax harmonization plan to set common rules across member states, thereby closing legal loopholes multinationals currently exploit.

A German member of the European Parliament (MEP) said he was shocked when the Treasury minister responsible for tax policy rebuffed the policy.’

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