Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-14-Speech-1-112"

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"Mr President, as I take the floor in this debate on tax treatment of losses in cross-border disputes, I should like to highlight the following issues. Firstly, direct taxation, such as corporate tax, does not fall within the competence of the European Commission. As a matter of principle, therefore, the Commission should not concern itself with it. Secondly, I am surprised to see that the report contains statements disapproving of the reductions in corporate income tax rates introduced in certain Member States, notably new ones. Thirdly, I am worried by the Commission's call for work on the introduction of a consolidated corporate tax base within the European Union to be speeded up. The nature of such a tax, its rate and setting the tax base are some of the very few instruments that still remain within the remit of the Member States and can be used to accelerate the economic development of less developed countries. Fourthly, a study of the Commission’s proposals for a consolidated corporate tax base suggests that the aim is to ensure all Member States develop at a rate involving at most a 2% rise in GDP per annum. In such a scenario, how would the new Member States that are 20 or 30 years behind the more developed ones ever manage to catch up?"@en1

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