EU Parliamentarians want recovered companies’ tax avoidance to go to the EU budget

EU Parliamentarians adopted a non-binding resolution stating that the money recovered by EU member states from a company due to infringements of tax-related state aid rules should be returned to the EU budget or to the member states unfairly deprived of the money.

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EU parliamentarians favour a stronger competition policy

Today, the European Parliament adopted by large majority a non-binding resolution on the annual report on EU competition policy. The text was supported by 526 votes in favour, 108 against and 59 abstentions. (Click here to see how the MEPs voted). All the main EU political groups voted in favour of the resolution with the exception of the eurosceptics EFDD and the radical left GUE/NGL.

The resolution highlights the key role played by competition in the EU internal market and stresses that the EU’s competition policy has brought numerous benefits in terms of consumers welfare and has been an important tool to eliminate obstacle to free movement of goods, services, persons and capitals. The textclaims that competition policy should be focused particularly on protecting consumers, improving consumer welfare, fostering innovation and stimulating economic growth; Continue Reading