Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-206"
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"en.20100325.34.4-206"2
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"I do not support paragraph 29 as it calls for the introduction of CCCTB. One of the things we are told about CCCTB is that it will be more efficient and that it will simplify matters. Given that, as it now stands, companies can opt in or opt out, we would end up with 28 tax bases instead of the current 27; that is hardly simplification. As it is currently proposed, CCCTB would mean the redistribution of European profits across the EU, so a country like Ireland, which exports a lot of what it produces, would be penalised because the profits, of course, would be at the point of sale. It does seem a little bit strange since, at the core of the EU, we have the free movement of goods; therefore we would end up, if we use CCCTB, by penalising exporting countries. Its introduction would damage Europe’s capacity to attract foreign direct investment, because the rules as such would not apply to the Member State in which it was located but would be by some reference to a complicated formula which can only be calculated in retrospect, which would damage our capacity to attract foreign direct investment."@en1
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