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EU to propose binding multinational tax rules: official
January 12, 2016 12:53 PM ESTBy Francesco Guarascio
BRUSSELS (Reuters) - The European Commission will propose a new set of binding rules by the end of January to curb corporate tax avoidance, in another move to counter unfair or illegal tax practices of multinationals, EU officials said.
Multinational corporations have long been in the sights of European Union authorities because of the way they can reduce their tax bills by basing themselves in low-tax centers or negotiating special deals with governments.
The EU executive will propose new measures on Jan. 27, EU commissioner Pierre Moscovici told European lawmakers on Monday.
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