Tommaso Faccio is head of the secretariat of the Independent Commission for the Reform of International Corporate Taxation (ICRICT), a lecturer in accounting at Nottingham University Business School and a senior adviser to the Tax Justice Network. Francesco Saraceno is deputy department director at OFCE, the Research Centre in Economics at Sciences-Po in Paris, where he teaches European economics. He also teaches at LUISS Guido Carli in Rome.
The treaty requirement that EU legislation on taxation of multinationals enjoys member-state unanimity need not block progress towards harmonisation.
Efforts to attack multinationals’ tax avoidance at EU level fall foul of national beneficiaries. Time to try naming and shaming instead.