MEPs: Name firms that use tax havens

Multinationals that use tax havens and aggressively cut their tax liability should be named, shamed and disadvantaged, the European Parliament’s investigation into the LuxLeaks said.

The report follows on from weeks of hearing evidence from tax experts, companies and national interests earlier in the year and outlines laws the parliament will demand from the European Commission.

The conclusions, due to be voted on by MEPs in December, want a much tougher attitude towards such companies, and more stringent controls over the tax policy of member states.