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Europe Daily Bulletin No. 11192

7 November 2014
ECONOMY - FINANCE - BUSINESS / (ae) taxation
“Tax ruling” - lawful practice but possibly no longer desirable (Gramegna)

Brussels, 06/11/2014 (Agence Europe) - What is lawful today “may no longer be desirable or could be seen as incompatible with what we consider to be the standard which should prevail”, Luxembourg's finance minister, Pierre Gramegna, said on Thursday 6 November (our translation).

“A situation in which an international company pays little or no tax is untenable for Luxembourg”, he added. The Luxembourger was referring to the practice of tax ruling which, he pointed out shortly...

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