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EU vows tax reform as Juncker heads to G20

European Commission president Jean-Claude Juncker speaks during questioning at the EU headquarters in Brussels, on November 12, 2014The European Commission unveiled a new push to fight tax evasion on Thursday as questions lingered over Commission head Jean-Claude Juncker’s role in enabling companies to pay less tax during his 19 years as Luxembourg premier. The “political timing is now right” for tax reform, said Commission spokesman Margaritis Schinas, a day before Junker heads to Brisbane, Australia for a G20 summit aimed at tightening global tax rules. On Wednesday, Juncker broke a week-long silence following the revelation that Luxembourg allowed hundreds of top companies — including Pepsi, IKEA and Deutsche Bank — to enjoy preferential tax treatment. Juncker, who took his Brussels post on November 1, denied he was the “architect” of the system and vowed to fight “unfair” tax evasion as head of the EU’s executive.

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