The European Commission has started legal action against Portugal for its failure to take on board key European Union legislation on the exchange of information concering tax deals granted to multinationals operating in Europe.

After the LuxLeaks* scandal in 2014, the Commissions set in motion laws that needed to be adopted by each European member country by the end of 2016. Portugal, Cyprus and Bulgaria failed to hit the deadline.

———–

© algarvedailynews.com

The above content produced by algarvedailynews.com is not intended for commercial use and may not be republished by third parties either wholly or in part unless permission is sought and granted and the source credited.

——————-