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Semeta Says Some EU Nations Make It Too Easy To Avoid Tax

EU Tax Commissioner Algirdas Semeta said some European Union nations have made it too easy for companies to avoid taxes by shifting income to countries outside the 27-nation bloc.

“Some member states have fairly loose or relatively liberal double-taxation agreements with third countries,” Semeta said in a Brussels speech today to the Friends of Europe group. “These very loose agreements actually allow aggressive tax planners to shift their profits through EU member states to third countries and to avoid taxation in general.”