Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-09-03-Speech-1-079"
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"en.20010903.6.1-079"2
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"Mr President, in relation to the last intervention by Mr Harbour, I must tell him that there is not much danger of the ship sinking, since it is travelling very light. I have never seen such a light regulation or proposed regulation as this one. It is so light that we are going to have practically no company harmonisation.
As Mr Rothley has said, what we are going to have is fifteen different national laws on the European company, fifteen different European companies and, as Mr Gasòliba i Böhm said, we are going to have more than two hundred possible combinations of different types of company. This is truly the softest type of legislation I have seen in my life.
Secondly, the Council intends to take legislative power away from us: Mr Gallagher spoke of acting as legislators. If we take the Council’s route, Parliament will be deprived of all legislative power. I believe that Parliament would probably take the correct route by challenging this decision before the Court of Justice, because the Treaties cannot be unilaterally modified by one Community institution.
Thirdly, as Mr Rothley pointed out earlier, the type of European company we are going to create is not going to provide any special advantage, above all any fiscal advantage; if we do not take action in the field of taxation, it is going to be very difficult to bring about the creation of European companies and, therefore, it seems to me very important, as the majority of previous speakers have proposed, that the fiscal field be involved. Mr Harbour spoke of the possibility of the ship sinking. I would say that the danger is that the ship will capsize as a result of a lack of ballast. Mr Harbour probably has some naval experience and he knows that, when a ship carries no weight, the easiest thing is for the ship to capsize and sink for other reasons.
Therefore, it seems to me that the important thing at the moment is: first, to insist on Parliament’s legal prerogatives, and, secondly, to insist that in order to have a law on European companies we must also incorporate tax aspects. Without taxation it will be very difficult for us to implement a European economic law, a European company law and a European commercial law."@en1
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