Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-08-Speech-1-113"

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"en.20100208.14.1-113"2
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"initially without a microphone … the present directive is very welcome at a time like this when tax revenues around the world are diminishing. In a common market, there is no way we can accept the present situation in which taxable income can be concealed and remain untaxed in another Member State. As has been mentioned, the EU’s Member States are losing out on billions of euros of tax revenue every year because of failures in the exchange of information between the Member States. I would also remind you that so long as some people are hiding their income and thus avoiding paying taxes, the rest of us have to pay more tax to make up for it. That can hardly have been the intention – at least, not in my view. It is astonishing that some people are defending the prevailing system, which actually allows people to avoid paying their taxes. I realise that some Member States have a lot to lose, but are they actually presenting a credible argument? No, they are not. We should promote international cooperation on tax and draw up common standards to prevent tax fraud, both at EU level and globally. At the same time, I would remind you that there are those who believe that the protection of privacy is important and must be adequately safeguarded. It is important to bear that in mind, since the system we are in the process of creating will otherwise lack credibility in the eyes of our citizens, and that is essential if we are to succeed."@en1
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