Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-223-000"

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"en.20111026.16.3-223-000"2
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"In favour. Under current EU legislation, multinationals can play the different national tax systems against each other to effectively avoid their tax responsibility. Double non-taxation is one of the various loopholes which deprive national exchequers of legitimate revenue and urgently need toughening up. Today’s vote to strengthen the parent-subsidiary directive would be an important step forward in tackling this problem. Crucially, MEPs have called for the introduction of a minimum effective tax rate on profits under the parent-subsidiary directive. EU member states and EU Taxation Commissioner Šemeta must now take this seriously. This means coming up with a revised legislative proposal that will properly prevent the shunting of profits around Europe by parent companies to avoid being corporate tax at the legitimate level. The Council should abstain from adopting the recasted directive, which serves as the legal basis for large scale tax avoidance schemes in the EU. In times of public austerity, the EU cannot afford to be soft on tax avoidance."@en1
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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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