Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-13-Speech-3-344"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-03-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Tax policy2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20020313.13.3-344"2
lpv:hasSubsequent	lp_eu:2002-03-13-Speech-3-3452
lpv:speaker	lp:Astrid Lulling2
lpv:spokenAs	member; EPP-ED (1999-09-16--2004-07-19)3 member; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; ECON (2002-01-17--2004-07-19)3 unknown; Parti chrétien social (1999-09-16--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 member; Members from the European Parliament to the Joint Parliamentary Assembly of the Agreement between the African, Caribbean and Pacific States and the European Union (ACP-EU) (2002-02-06--2004-07-19)3
lpv:translated text	"Madam President, I am only going to discuss the Pérez Royo report, and I wish to say that I am far from happy with the compromise reached in Feira on the taxation of savings. The proposal for a directive that the Commission submitted to us is meant to be cast into a legislative text. The result is a compromise. The proposal is therefore no longer the result of the right of initiative that is reserved for the Commission. If the Commission is happy to act as the clerk that draws up the Council’s legislation, it could at least have submitted a draft to us that complied better with the legal requirements that we have the right to expect from a legislative text. I am therefore grateful to the Committee on Economic and Monetary affairs for having adopted the majority of my amendments, which I tabled with the aim of ensuring a minimum level of legal security. Our Socialist rapporteur had tried to radicalise this proposal for a directive by moving away from the Feira agreement. In particular he wanted to extend the scope to legal persons and to propose the taxation without distinction of all investment funds. Fortunately these ideas were not taken up. I obviously regret the fact that in Feira, the coexistence model was abandoned. I remain convinced that the automatic exchange of information between Member States on interest payments is a means and not an essential condition for ensuring effective taxation of cross-border interest payments. Withholding tax is, in my opinion, just as valid a solution. It would also be a model that could be adopted by the third countries that are our competitors and with which we need to have reached an agreement in order for them to introduce genuinely equivalent measures before the Directive is applied in the European Union. Clearly, if Switzerland, for example, rejects the exchange of information due to its legitimate commitment to banking secrecy, there can be no question of my country, for example, which clearly declared its support at Feira for the exchange of information, implementing it. I am convinced that the exchange of information will not be the solution that is ultimately chosen. The most effective and least bureaucratic solution would be full withholding tax, which, with a reasonable rate, could even become an own resource of the European Union."@en1

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