Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-116-000"

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"en.20120202.10.4-116-000"2
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"Mr President, the lack of coordination of tax policies at EU level poses an obstacle to cross-border transactions and investments. It can also give rise to evasion, abuses and fraud. Europe needs a fiscal consolidation strategy, and tax obstacles that affect cross-border mobility must be removed. I support the Commission’s initiative of setting up a working group on double taxation issues. I should emphasise that this mechanism adds to the global fiscal burden and has an adverse impact on capital investments. It jeopardises the competitiveness of European companies in the medium and long term. Double taxation conventions may help resolve these problems. According to a recent study, bilateral portfolio investments can increase by up to 50% after adopting such a convention. Romania has signed double taxation conventions with 90 countries."@en1
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