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EU COMPETITION commissioner Margrethe Vestager has ordered Belgium to recover $760 million (£521m) in illegal tax breaks from 35 transnational corporations.
She said that the tax advantage given to a select group of mainly European companies “distorts competition” by putting smaller competitors “on an unequal footing.”
“National tax authorities cannot give any company, however large, however powerful, an unfair competitive advantage compared to others. This scheme puts smaller competitors at an unfair disadvantage,” Ms Vestager stressed.
From summit to summit, imperialist companies and governments cut, delay or water down their commitments, warn the Communist Parties of Britain, France, Portugal and Spain and the Workers Party of Belgium in a joint statement on Cop30
The West’s dangerous pesticide dumping in Africa is threatening biodiversity, population health and food sovereignty, argues ROGER McKENZIE
CAROL WILCOX argues for the proper implementation of the land value tax, which could see unused plots sold off and landlords priced out of landlordism, potentially resolving the housing and planning crises
Politicians who continue to welcome contracts with US companies without considering the risks and consequences of total dependency in the years to come are undermining the raison d’etre of the NHS, argues Dr JOHN PUNTIS