Fighting tax evasion and aggressive tax planning is essential to maintain sound public finances and avoid distortion of competition between firms and between Member States.
Certain features of some Member States’ tax systems (i.e. Ireland, Cyprus, Luxembourg, Hungary, Malta and the Netherlands), may be used by companies that engage in aggressive tax planning.
Aggressive tax planning practices in one Member State, have spillover effects, both on other companies and on other Member States, including tax revenue losses and distortions of the playing field among companies.
Member States, whose tax base is eroded, have to raise revenue from other taxes or have lower revenues for growth-enhancing reforms, redistribution and investment.
There we go, latest package of boring over-bloated BS from EU commission is out. The resume is here:
You can find specific details on each country report here:
2020 European Semester: Country Reports
As usual I love these reports and want to thank the EU commission's trainees for their precious work
e.g. the chart below is pretty much spot on, they just put the wrong title on it, clearly a noob trainee mistake.
You should read it as Best Places To Live or Do Business
or Shut up and Just Follow The Money
or let's blame Malta & Ireland so nobody's gonna see who's on top