Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-438-500"

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"en.20120418.22.3-438-500"2
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"The EU has been toothless when it comes to tax havens. That is also true of other international actors, such as the Organisation for Economic Cooperation and Development (OECD) and the G20, which consists of the world’s richest countries. I have called on the European commission to take instant steps to curb tax evasion. It is good that the Commission has also now finally proposed something concrete. The Commission’s proposal that listed extractive and timber companies should produce financial statements for each country does not go far enough, however. Better laws on bookkeeping are required, to ensure that all companies and foundations are obliged to keep accounts for every country. I am pleased that Parliament’s position, the subject of a vote tomorrow, has improved along the way. It is not reasonable merely to criticise the agreements in place between the EU Member States and third countries. For example, the agreement between Germany and Switzerland to combat new incidences of tax avoidance is estimated to bring as much as EUR 10 billion in additional revenue for Germany next year. We need to try to persuade all EU countries to be involved in these agreements. However, if this is not possible in practical terms, EUR 10 billion in additional revenue, for example, is a lot better than nothing at all."@en1

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