New unfair tax probe to be launched by European Commission

Mario Monti, the European Union competition commissioner, is reported to have asked his department to launch an investigation into instances of unfair business taxation.

The move is said to reflect his frustation at the political deadlock which has delayed acceptance by member states of a voluntary code of conduct to outlaw such unfair competition in national tax regimes.

‘I have asked my services to work on a number of business taxation schemes that present aspects that are not in line with state aid rules,’ he told the Financial Times, Germany, in an interview.

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