EU Advances in Combatting Harmful Tax Practices

The European Union (EU) continues to target harmful tax competition and aggressive tax planning by member states and multinationals. Recently, the EU antitrust chief, Margrethe Vestager, emphasized ongoing efforts and highlighted the European Court's ruling requiring Apple to pay 13 billion euros in back taxes to Ireland.

The European Union is stepping up its efforts to combat harmful tax competition and aggressive tax planning by member states and multinational companies, EU antitrust chief Margrethe Vestager announced on Tuesday.

Earlier in the day, Europe's top court upheld Vestager's order for Apple to pay a historic 13 billion euros in back taxes to Ireland.

"Our investigations have decisively contributed to a mind shift and a change of attitude among member states. They have helped to trigger and accelerate regulatory and legislative reform," Vestager stated during a press conference.