Margrethe Vestager, Commissioner in charge of competition policy, issued a statement welcoming Luxembourg's announcement that they will fully comply with the Commission's requests for information on its tax rulings practice and patent box scheme. Luxembourg will now provide the Commission with all the requested information outstanding.
Vestager said:
"I am very pleased that the Luxembourg government has today announced they will fully comply with the Commission's requests for information on its tax rulings practice and patent box scheme. They will now provide the Commission with all the requested information outstanding.
The Commission would then no longer need to pursue infringement action against Luxembourg.
I welcome that by today's announcement Luxembourg acknowledges the Commission's powers to investigate their general tax rulings practice under State aid rules. I understand that the Luxembourg authorities have also decided to withdraw their actions against the Commission's information requests before the European courts.
We need to take action – and are taking action - to ensure companies pay their fair share of tax. I am committed to taking a structured and informed approach to address distortions of competition in the EU through unfair and selective tax advantages.
I hope and have every reason to assume that going forward my team and I will see good cooperation by the Luxembourg authorities and all other Member States in our efforts to tackle unfair tax avoidance."
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