EU launches drive to stop tax evasion by multinationals, plans for new rules next month

February 18, 2015 12:30 PM

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BRUSSELS – The European Union has launched a drive to combat tax evasion following a series of probes into tax rules that allows multinationals to slash their bills in Luxembourg, Ireland and the Netherlands.

The EU's executive commission said Tuesday that it will table new tax legislation next month including on the automatic exchange of information about tax rulings.

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