Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-16-Speech-2-092"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2003-12-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20031216.3.2-092"2
lpv:hasSubsequent	lp_eu:2003-12-16-Speech-2-0932
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2002-03-06--2004-07-19)3 unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (2002-02-07--2004-07-19)3 substitute; Temporary committee on improving safety at sea (2003-11-20--2004-04-21)3 substitute; PECH (2002-01-17--2004-07-19)3
lpv:translated text	". The apparent aim of this proposal for a directive is to prevent the double taxation of company profits, to be precise, ensuring that profits taxed and paid as dividends by a subsidiary to its parent company are not taxed twice. In fact, however, the proposal seeks to resolve the ‘disadvantage’ in taxation between multinational groups and national groups, thereby responding to requests from the ‘business community’. The proposal’s base consequently seeks to extend the directive’s scope to cover more types of company and to lower the minimum participation threshold from 25% to 10% for one company to be considered the parent and the other as its subsidiary, with the aim of guaranteeing exemptions, for example, from deduction at source. The rapporteur, who would prefer there to be no threshold, suggests one of 5%, which is lower than the one proposed by the Commission. In other words, the issue at stake is not so much double taxation, but one of providing the legal means for multinational groups to manage their tax benefits, enabling them to use cross-border exemptions and deductions actually to reduce tax on their profits, thereby increasing the ‘legal’ possibilities of tax evasion, which is not acceptable. Portugal is one of three countries where the threshold stands at around 25%, which means that this directive will increase pressure for amending arrangements that apply to national groups."@en1

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