Corporate Tricks EU Faces Tough Battle to Close Tax Loopholes

Wealthy businesspeople shift millions of euros abroad while profitable companies use accounting tricks to minimize their taxable earnings and assets. The EU finally wants to create effective policies to curb these practices, but faces strong opposition from member states.
German Finance Minister Wolfgang Schäuble and Finnish counterpart Jutta Urpilainen

German Finance Minister Wolfgang Schäuble and Finnish counterpart Jutta Urpilainen

Foto: GEORGES GOBET/ AFP
Translated from the German by Christopher Sultan
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