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European Parliament sets up tax rulings committee

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The European Parliament voted on 12 February to set up a special parliamentary committee to look into EU member states’ ‘tax rulings and other measures similar in nature or effect’ and make recommendations for the future.

In a statement, the EC explained that the committee will have 45 members and is established for an initial period of six months following the series of investigations the EC launched into tax rulings for multinationals in Luxembourg, Belgium, Ireland and the Netherlands. The committee ‘will look into tax ruling practices as far back as 1 January 1991, but will also review the way the EC treats state aid in member states and the extent to which they are transparent about their tax rulings’, and it ‘will also seek to ascertain the negative impact of aggressive tax planning on public finances and will come up with recommendations for the future.’

The UK members of the committee are Labour MEP Anneliese Dodds, Conservative MEP Kay Swinburne and UKIP MEP Patrick O’Flynn. See the full list of committee members.