Posted on 01/17/2016 7:52:57 PM PST by Olog-hai
The European Union has ordered Belgium to recover some $760 million in illegal tax breaks from 35 multinationals, its latest ruling against the sweet deals many member states offered to some of the world's biggest companies.
EU Competition Commissioner Margrethe Vestager said Monday the tax advantage given to a select group of mainly European companies "distorts competition" by putting smaller competitors "on an unequal footing."
"National tax authorities cannot give any company, however large, however powerful an unfair competitive advantage compared to others," Vestager said. "This scheme puts smaller competitors at an unfair disadvantage." ...
(Excerpt) Read more at bigstory.ap.org ...
“... recover some $760 million in illegal tax breaks...”
The social justice way .... retroactively of course!
can the European people throw off the EU tyranny?
“EU Competition Commissioner Margrethe Vestager.” Elected or appointed? Another reason the EU should not exist and will not in a few years.
What? No states rights in the mini EUROCRAT tyranny? Who’da thunkit? Reminds one of FEDGOV. in the U.S.A.
Just in case you were wondering how WWnext begins.
looks like the EU will now set the tax rates for all countries in the EU. Next they will run each counrty’s military and court system
Why bother having national elections when the EU is the sole authority over all
All Commissioners are appointed. They also have to swear a loyalty oath to the EU and its agenda, even to work against their native countries for that sake.
Airbus, Maersk, the list can grow very quickly.
How about tax break for communist unions and EU conglomerates?
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