Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-164-000"
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"en.20111026.16.3-164-000"2
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"Mr President, ladies and gentlemen, the current pressure to comply with the European Stability and Growth Pact, by cutting Member States’ budgets in order to stay within the permitted sovereign debt and government deficit percentages, means that the recast we are debating in Parliament today takes on particular significance.
The debate over this issue has often seen heated discussions, including in the Council. Since this is a proposal for a recast, no major changes are being made to the current directive except for the amendments to Article 4. Despite being made in what is probably the irrelevant context of a recast proposal, these amendments pose a major query with regard to the ongoing discussion on strengthening the internal market and consolidating public finances.
We also voted in favour of this measure, Mr President, because the amendments proposed by Mr Giegold risked putting the founding principles of the directive itself under debate, through a
reintroduction of a dividend tax while also tackling the issue of the need for greater coordination – if not harmonisation – on corporate tax, to avoid the benefits of the internal market turning out to be used for fiscal planning, with negative consequences for public finances."@en1
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