76. Stresses that, on the internal market, new entrants and SMEs doing business only in one country are penalised as compared to multinational companies, which can shift profits or implement other forms of aggressive tax planning through a variety of decisions and instruments, available to them only; notes with concern that, all things being equal, the resulting lower tax liabilities leave multinationals with higher post-tax profits, and create an uneven playing field to the detriment of their competitors on the internal market, who do not have recourse to aggressive tax planning and who pay taxes in the place or places where they generate their profits; str ...[+++]esses that promoting harmful tax practices through the creation of a European single-member private limited liability company (SUP), the governing rules of which explicitly state that it may have two different seats – i.e., a registered office in one place and an administrative headquarters elsewhere – is the wrong approach for the EU;

77. Stresses that, on the internal market, new entrants and SMEs doing business only in one country are penalised as compared to multinational companies, which can shift profits or implement other forms of aggressive tax planning through a variety of decisions and instruments, available to them only; notes with concern that, all things being equal, the resulting lower tax liabilities leave multinationals with higher post-tax profits, and create an uneven playing field to the detriment of their competitors on the internal market, who do not have recourse to aggressive tax planning and who pay taxes in the place or places where they generate their profits; str ...[+++]esses that promoting harmful tax practices through the creation of a European single-member private limited liability company (SUP), the governing rules of which explicitly state that it may have two different seats – i.e., a registered office in one place and an administrative headquarters elsewhere – is the wrong approach for the EU;

19. Regrets that the Commission is reluctant to scrutinise the proposed directive on the single member company with limited liability (SUP) in the context of REFIT; warns that the proposed directive could cause serious problems by providing new and easy ways to establish letterbox companies, as well as by undermining workers’ social rights and avoiding the payment of social contributions;

Member States would be required to provide in their national legislation a company law form for single-member private limited liability companies with the same requirements across the EU.

The Commission has not finalised yet its analysis of the privatisation and nationalisation of the public limited company 'VST', an issue which is part of the following state aid complaint.

Has the Commission finalised its analysis of the privatisation and nationalisation of the public limited liability company ‘VST’?