Posted on 06/20/2014 6:33:14 AM PDT by Olog-hai
The European Union is closing a loophole that allows companies to shift their profits between different country divisions to avoid taxation. […]
EU officials say tax fraud and firms’ aggressive cross-border tax avoidance schemes cost the bloc’s governments an estimated €1 trillion ($1.3 trillion) a year. …
(Excerpt) Read more at hosted.ap.org ...
They are desperate for money, As Mr.s Thatcher said: ‘Socialism works great until you run out of other people’s money.’
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