Liechtenstein does not help multinational companies avoid tax by moving profits, the ESA has announced. In fact, the EFTA Surveillance Authority found no evidence of offences against state aid law in any of the European Economic Area's EFTA states.
The EU Commission is currently investigating practices concerning the so-called tax rulings in the EU member states. Such tax rulings have made it easier for some EU countries to artificially reduce the tax that multinational companies pay on profits made in the EU. In countries including the Netherlands and Luxembourg, the EU Commission has already ordered the recovery of unpaid tax from the companies concerned.
Acting on its own initiative, the EFTA Surveillance Authority (ESA) in Brussels carried out investigations in the three EFTA states of the European Economic Area (EEA). It has now announced that it found no evidence of offences against state aid law in Liechtenstein, Norway or Iceland. State aid law in the EEA corresponds to that of the EU.