Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-355-937"

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"I voted in favour of this document because it identifies positive aspects such as a clear understanding of taxation, which is essential to provide the basis for an accountable and responsive democratic system. Another aspect is the fact that the EU is committed to the principle of ownership of development strategies, and acknowledges the prime responsibility of developing countries themselves to improve their revenue systems, according to their own economic and political circumstances and choices. The Commission aims to engage the EU instruments in providing enhanced support in designing developing countries’ tax systems and implementing the principles of good governance in the tax area, i.e. by paying more attention to effectively integrating the principles of good governance in tax matters into the programming, implementation and monitoring of country and regional strategy papers. The Commission supports country-by-country financial reporting standards for multinationals as a tool to detect international tax avoidance and evasion practice. It is also important to underline the fact that a Communication on Corporate Social Responsibility will consider how to develop a system for mandatory disclosure of governance information in annual accounting. The Commission aims to step up the process of international dialogue and cooperation in tax matters, notably by enhancing the participation of developing countries in relevant international fora. The Commission also insists on the need to conclude and implement Tax Information Exchange Agreements, including through a multilateral mechanism, by referring to the model of the EU Savings Taxation Directive, based on the automatic exchange of information."@en1

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