Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-23-Speech-4-514"
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"en.20090423.71.4-514"2
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"Commissioner, Madam President, ladies and gentlemen, against the backdrop of an economic and financial crisis, we must support the European Union in its efforts to achieve a more efficiently run and effective tax system.
The Commission’s proposal to amend the directive on taxation of savings in other Member States offers an opportunity to improve the existing scheme. Those of us in the European Parliament’s Committee on Economic and Monetary Affairs support extending its application to new financial instruments and geographical areas. Europe’s Liberal Democrats proposed the inclusion of territories with particularly lightly regulated tax regimes, such as the states of Delaware and Nevada in the US, as well as an assurance of equal treatment between Member States and a reduction in the administrative burden involved with implementing the directive.
However, Commissioner, the basic debate remains whether to abolish the system of tax calculation at source in favour of the automated exchange of information. From a Liberal viewpoint, the issue here is how we will manage to increase tax revenue collection and how enforcement only of the exchange of information will not result – a fact which is confirmed according to the research already carried out – in preventing tax abuses or in increasing revenue collection, but it will only deprive some Member States of their competitive advantage. Taxation at source is not only more efficient, but also offers greater transparency during collection.
I firmly believe that Member States must retain their autonomy when it comes to selecting a taxation system. The ALDE Group made the suggestion for a comparative analysis to be carried out of the two systems. We hope that we will have the results from the Commission at least by December 2010. We also hope that these results will provide the basis for future Commission proposals on amending the savings taxation system within the European Union.
Tomorrow we are voting on another important text concerning VAT fraud relating to imports. The objective of this directive is to ensure the rapid exchange of adequate, good-quality information. In this case, five years is a fairly long period for the business sector. It also aims to introduce a shared liability mechanism. While protecting every Member State’s tax revenue, it is important however for us to ensure that joint liability only comes into play when the information supplied contains serious irregularities or there is an unjustified delay in providing it. Otherwise, we risk imposing a further harmful burden on business.
I hope that we will vote in favour of these reports tomorrow."@en1
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