TAXE Committee hear multinational corporations' views on recent developments and revelations about tax regimes in the EU and beyond.

Tax rulings: Multinationals take up 'last chance invitation'

https://api.multimedia.europarl.europa.eu/documents/20125/12130684/n005-151116-001-en.srt

The LuxLeaks scandal  took a turn for the best

as involved multinationals  finally appeared in front of MEPs

and answered tough questions on their  taxation schemes in several EU states.

They'll go on saying that  they agree with the principle

that the taxes should be paid  where the profit is made,

so there are really a lot of inconsistencies  in their words, in their speech.

And this confirms that we have got to  move forward in terms of legislation.

But Amazon, Coca-Cola, Facebook  or HSBC are not yet out of the woods,

as the special committee mandate  has been prolonged.

We got a lot of documents very late.  We haven’t got many documents,

and that is clear disrespect  for the European Commission

and the Member States.  We definitely need more time.

There is a clear signal  from the TAXE coordinators

to call for an extension of the mandate.

By the end of November  MEPs will vote in plenary a report

that should ensure transparent and fair  corporate taxation throughout Europe.