Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-14-Speech-1-104"

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"Thank you, Mr President. I would like to thank the Commissioner and Mrs Kauppi for this report. They have dealt with an important issue eliciting sensitive and contrasting emotions. Two comments. On the one hand, I feel it is important that from the standpoint of the internal market there should be no danger that a parent company and a subsidiary are at a disadvantage simply because they are operating in two different Member States, compared with companies operating in only one Member State. So I urge that double taxation is ruled out, as the Commissioner has said, perhaps through the mechanism of electronic cooperation. Given time factors, we could encourage efficient cross-border activity by the economic players and employ credit and exemption methods. At the same time I feel we must be concerned when a subsidiary makes a profit and a parent company makes a loss. Mrs Kauppi, in the new Member States, for example, this is of more interest from our point of view. My second point about scrapping double taxation concerns the common consolidated tax base. We still have to debate this but I have reservations. I do not want to champion tax sovereignty but I cannot yet see clearly the effect of the common consolidated tax base. I am also fearful that there will be a lot of political pressure for a minimum level, just as with VAT or income tax. The proposals suggested by the Socialist and Communist, and perhaps the left-wing representatives too, demonstrate this, although the Maastricht criteria, I believe, put a stop to this. But my fear here is that I do not know what the effect will be on the new capital-poor eastern European Members in the light of the flow of capital in the internal market. Where will the administration be? And will it be possible to keep individual tax concessions to counterbalance a disadvantageous infrastructure situation? For these reasons I will abstain from these sections but I wish to thank the Commissioner and the rapporteur again. Thank you, Mr President."@en1

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