The French multinational Veolia has paid just €572 million in tax in the last five years and €2.7 billion since 2001, representing an effective taxation rate 10 to 12 points below the French tax rate, the Greens/EFA Group at the European Parliament states in a new report, published on Friday 27 October.
Each subsidiary of Veolia calculates its French corporate tax on a stand-alone basis and pays it to the parent company. This is “especially interesting when some companies within the...