The S&D MEPs welcome Commissioner Moscovici's proposal to tax the giant tech companies where their revenues are generated in Europe in a move to prevent tax avoidance.
The Socialists and Democrats in the European Parliament welcome this initiative responding to the growing concern of citizens and members states, but strongly believe that only an agreement on harmonising the corporate tax system will present a lasting solution.
S&D Group spokesperson on economic and monetary affairs, Pervenche Berès, said: