Posted Dec 17, 2014 by Martin Armstrong
President Jean-Claude Juncker of the EU has instructed all member countries to provide information on their tax decisions (breaks) provided corporations to the authorities in Brussels from 2010 to 2013. Brussels is now on the offensive to raise money and they are now targeting international business. Taxes should be determined whether competition is distorted by selective tax breaks in the internal market within Europe. Since June last year, the Commission is already looking with practice in Luxembourg, Ireland, the Netherlands, the UK, Malta, Belgium and Cyprus. From other countries, it requires information to shell companies.Because of the tax arrangements with Starbucks, Apple and Fiat in three EU countries a process already running. The hunt for taxes is expanding everywhere.