Brussels, 19/04/2012

The European Trade Union Confederation (ETUC) therefore welcomes today’s decision of the European Parliament plenary to approve the Directive on a Common Consolidated Corporate Tax Base as a first important step towards limiting corporate tax dumping. The ETUC calls upon the Commission to complement the common tax base with a proposal to define a minimum tax rate on corporate profits.

Says Bernadette Ségol, ETUC General Secretary, “It is shameful to observe that, while the wages of Portuguese workers are squeezed by its government and the Troika, companies are transferring profits to other Euro Area member states where they actually enjoy tax benefits. A common corporate tax base, combined with a minimum tax rate in Europe, can help to end this scandal”.

Monetary and fiscal policies