PES welcomes European action on tax transparency

PES welcomes European action on tax transparency

Sergei Stanishev, PES President, reacted:

Tax avoidance is not always illegal, but it is always immoral. We need bold action to fight this global issue, close the loopholes and introduce sanctions to make sure that we put a stop to  it.

Promoting country by country reporting is an essential step forward towards achieving tax transparency, and ensuring that taxes are paid where the profit is generated.