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CEOs Panic: Europe Rules Corporate Tax Loopholes Are Illegal

Saturday, October 24, 2015 9:20
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Source: www.usuncut.com | Original Post Date: October 22, 2015 –

The European Commission’s ruling is the result of years of sustained activism from anti-austerity groups like UK Uncut.

Thanks to a new ruling from the European Commission, Starbucks and Fiat are now finally being forced to pay their fair share of taxes, as tax loopholes benefiting multinational corporations with accounts in European countries known for their tax haven status have been ruled illegal.

After 5 years of direct action and organizing from the grassroots, anti-austerity movement UK Uncut, which ties corporate tax avoidance to public service cuts, the movement can claim another major victory — particularly in regards to Starbucks, as UK Uncut has targeted the company for years due to its reputation as a notorious corporate tax avoider.

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Source: http://soundofheart.org/galacticfreepress/content/ceos-panic-europe-rules-corporate-tax-loopholes-are-illegal

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