Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-032"
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"en.20100519.3.3-032"2
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"Mr President, Mr Rehn, as you know, there are two ways to reduce deficits. Expenditure can be cut or taxes can be increased. All States can cut expenditure at the same time, although separately, without needing any European coordination. However, to increase taxes and, more specifically, taxes on capital, companies, profits and banks, they do need European coordination.
Your communication last week contained absolutely no mention at all of this issue. My question, which is a fairly common one among Members from all groups, is as follows: over the course of the next few weeks, are you going to propose a tax coordination plan to provide Member States with the means of recovering margins for manoeuvre so that they can increase certain taxes, which is something they are unable to do separately? This is the added value which the European Commission can provide at the present time. Unfortunately, you do not have any plans in this area. Mr Verhofstadt was saying that you had a right to take the initiative. In the current situation, you have a duty to take the initiative in this area."@en1
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