Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-490-750"
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"en.20120418.24.3-490-750"2
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"The plan to establish a single corporate tax base throughout the European Union is one which is both ambitious and necessary. It is ambitious because legislation on this tax differs significantly between Member States not only in terms of how it is structured, but also in the level of detail and the economic priorities of individual Member States as reflected in the tax. It is necessary because it will allow companies which do business across borders to make significant savings and will also make their work easier.
However, introducing consolidation of revenues is not such a good idea, at least not for all the Member States. The formula for apportioning the consolidated tax base means the emergence of a group of ‘winner and loser’ Member States, or those whose budgetary incomes will rise and those whose incomes will fall after this measure has been introduced. Therefore, it will be extremely difficult to work out a compromise which would satisfy all the parties, and if a compromise were to be reached, the resultant situation might, in any case, have an adverse effect on relations between Member States.
Therefore, I think that establishing a common tax base should be a priority, but the idea of consolidation should be rejected. This would be a much better solution because it would accelerate the process of building the single market without unnecessary delays, particularly in view of the fact that the Euro Plus Pact shows there is a broad consensus to begin such a plan."@en1
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