Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-232-000"

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"en.20110706.18.3-232-000"2
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"Madam President, although there are many good recommendations in the Berès report, I have to say that we, Fine Gael members in the EPP, had to abstain at the final vote and I will now explain why. Taxation is a matter of subsidiarity and we feel that talk of tax harmonisation at this stage, while it may be idealistic, is premature, especially as we in Ireland are in the midst of an IMF-EU bail-out, and for the EU part of that bail-out, we are paying what we consider to be draconian interest rates. This is recognised by the European Parliament and by the Commission, including Commissioner Rehn and President Barroso, but we cannot get a reduction because at Council level, some Member States want to have a quid pro quo – a reduction of interest rates if we give up our right to set our own corporation tax rate. This is contrary to the spirit of subsidiarity and it is also contrary to the spirit of solidarity which is supposed to exist in the European Union."@en1
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