Posts From Hugo Blewett-Mundy

Back to homepage
Europe Finance

EU treaty instrument may mitigate risk of money laundering in the single market

The European Commission is planning to use Article 116 of TFEU in order to clamp down on multinational companies using favourable tax schemes in some EU member states to their advantage. The treaty instrument is designed to mitigate the risks associated with foreign subsidies that distort competition in the single market.