Comment
Comment by m12k
Transfer pricing and tax havens are draining money out of the economies of most European countries, breaking the virtuous cycle where consumer spending also leads to salaries, taxes and more investment in the community, to keep the economy going - instead we have a shrinking middle class, as the fuel is drained from the engine. Ireland, Luxembourg and certain other countries are complicit in this. We clearly need better tax laws to combat this, but I'm glad the commission is trying to fight this to the extent they can within current laws, and I hope they win the case on appeal.