Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-459-000"
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"en.20120418.24.3-459-000"2
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"Mr President, honourable Members, I wish to thank you and, in particular, Marianne Thyssen, for her work on this report. I welcome the positive views from the Committee on Economic and Monetary Affairs and the Committee on the Internal Market and Consumer Protection on our proposal for a CCCTB. It was one of our flagship legislative initiatives for 2011.
A system of common rules for calculating the tax base across the EU is expected to significantly improve the business environment in the single market. It will contribute to the efforts for bringing the Union back to growth and prosperity.
I would like to address five main points in the report.
First, the Commission proposed the CCCTB as an optional system. I believe that an obligatory scheme would introduce a significant burden by obliging businesses with purely domestic activities to bear the cost of switching into another tax system.
Second, I am convinced that an apportionment mechanism based on a formula of three equally weighted factors – sales, assets and labour – is the most appropriate solution. It creates a fair balance between the states of origin and destination. I would also say that there is no economic evidence which suggests that a weight of 10% for the sales factor is a better option.
Third, the Commission would not be opposed to the idea of setting up a forum with tasks similar to those of the Joint Transfer Pricing Forum, provided that the outcome of such an effort does not create a risk of incompatibility with the Treaty. In this regard, the reference to a ‘dispute settlement body’ with possible binding decisions could be found to conflict with the Treaty.
Fourth, the Commission has consistently made it clear that the CCCTB proposal is only meant to deal with the rules for computing the corporate tax base and should not touch upon minimum tax rates. Increasing the exemption threshold to 70% in certain anti-abuse clauses would inevitably and unnecessarily raise arguments at a political level about a minimum corporate tax rate in the EU.
I should finally mention that the review clause as suggested by the Commission (five years after the directive entered into force) can offer opportunities for improving the CCCTB scheme. Its scope is very broad. By listing the issues to be addressed, we would lose the flexibility we need to analyse the points raised in your report.
These were my main points of concern, but in general, I welcome the report very much and I am looking forward to a very positive vote tomorrow."@en1
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