The anti-avoidance measures agreed last year by the OECD need to be strengthened and implemented with more urgency. At the heart of tax avoidance by mega companies is the continued exploitation of tax havens. Apple has $200bn salted away offshore. Google has more than $40bn, the bulk of it stuffed in its Bermudan piggy bank.
The point being that this isn’t a feature of the European tax systems, nor even of the tax havens. This is purely a feature of the American tax system. The American corporate income tax is only applied on the repatriation of those profits. If the US even had something like the CFC rules then it just wouldn’t be happening.
This isn’t about our law, it’s about their, something we have no control over.