Multinationals. EU calls for stable taxation

Multinationals. EU calls for stable taxation

The European Commissioner for Economy, Paolo Gentiloni, defended the need for a “stable and detailed” global agreement in October to move forward with the taxation of multinationals, namely technological giants, to “finance the recovery” after the covid-19 crisis.

“We have to discuss among ourselves to build a consensus and we have a few weeks to make this European contribution that is so important.” he said.

Another “lesson from the crisis” that will be on the table at this Ecofin is the possible possibility of “declining public investment” in the post-crisis, advocating Paolo Gentiloni for ways to “facilitate financing”, especially in areas such as the environmental transition and digital.

According to a study by Bruegel, a Brussels-based think tank, the EU should start dedicating 1% more of its Gross Domestic Product (GDP) annually to ‘green’ public investments to reduce polluting emissions by 2030 and reach carbon neutrality.

Source: Jornal i by

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