Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-10-Speech-3-073"

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"en.20040310.3.3-073"2
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". The aims of this Commission proposal could not be clearer: to remove the cross-border tax obstacles that not only hamper company cross-border mobility within the European Union, particularly that of multinationals, but also to allow a policy of company restructuring and relocation that favours tax relief or, viewed from another angle, that provides the greatest tax benefits. This is something that clearly underlies the creation of common tax rules under the European Company Statute, ensuring that its activities are not hampered by discriminatory tax rules or by restrictions or distortions arising from the tax provisions of Member States. In other words, at a time when so much is said about reducing the tax burden on labour, Member States are being allowed to provide tax relief for capital, as they see fit. The key issue concerns Member States’ tax sovereignty and the risks inherent in eroding the tax burden. Nevertheless, account must also be taken of the use of taxation as a tool for scrutinising and monitoring business activities, specifically in the field of mergers, in this case cross-border mergers, and of the company restructuring of major financial groups in the European Union. The main aim of this directive is to extend the scope of this issue, which undermines the protection of the financial interests of the Member States, and this is clearly something that we must reject."@en1

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