Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-09-03-Speech-1-077"
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"en.20010903.6.1-077"2
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"Mr President, after 30 long years of negotiations, the Employment and Social Affairs Ministers managed to reach agreement last December on a statute for a European company. The creation of a European company has long been seen as essential to a comprehensive body of European company law which promotes business. In an increasingly globalised business environment, the arrival of the SE is timely.
Capital moves easily across borders as multinational firms seek out the most attractive business locations. The Union can achieve a great deal in the creation of a single market for goods, services and capital. There has long been a need to create a European company to complement this picture.
Members of this Parliament hail from 15 different sovereign states and are aware that company law differs widely from one Member State to another. I welcome the fact that this regulation foresees five different ways in which an SE can be established. Member States' company law allows for two different systems of company management. The regulation proposes that both systems be available in each country. Hence companies will be able to choose the approach which best suits their needs.
In view of the slow-down in the US economy and consequently the world economy, it is essential that we, as legislators, do all we can to facilitate business and job creation. The creation and management of European companies must take place with as few hindrances and bureaucratic obstacles as possible. Companies must be afforded the flexibility they need to stay lean and move swiftly in a highly competitive environment.
The rapporteur refers to taxation. It must be made clear that taxation policy is a matter for each Member State and its national parliament. Any proposal that corporate tax be paid by SEs and could go into EU coffers is totally unacceptable. The Irish government has a policy of low corporate tax to encourage investment. Our 12.5% rate has proved itself by actually increasing tax revenue while at the same time promoting sustained growth. Ireland could not countenance any suggestion of harmonising corporate tax rates, especially in this period of economic slow-down.
I commend Mr Menrad and the Committee on Employment and Social Affairs for their work on employee rights. We in Europe have long held that a partnership approach works best. Companies are reliant on their employees. There must be no erosion of the workers' rights that have been won over time. A European company without participation in some form is unthinkable. There are a number of models of worker participation. It is positive that the regulation avoids a one-size-fits-all approach. In conclusion, the scale of employee participation will be decided through free negotiations between the companies concerned and the workers."@en1
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