Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-326-750"
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"en.20120419.15.4-326-750"2
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"There is no doubt that one of the causes of the current crisis in Europe is the absence of fiscal coordination. We voted in plenary on Thursday 19 April in favour of the Common Consolidated Corporate Tax Base (CCCTB) in order to determine a set of rules for calculating the taxable profits of companies. This reform does not aim to achieve fiscal harmonisation and does not impose uniform rates of taxation but contributes to greater fiscal coordination between Member States. While the Commission had initially proposed a voluntary system, we came to the view that this system should become compulsory after a transitional period, and I support this fully. Of course this reform will be implemented gradually: over the first five years, the CCCTB will apply only to European companies and cooperatives; after five years, the system will be extended to all companies, with the exception of small and medium-sized enterprises, which will nonetheless have the opportunity to participate on a voluntary basis. Simplified accounting rules, a reduction in red tape, more importance given to economic and social rather than purely fiscal matters when companies decide where to locate their headquarters: it is high time for us to work towards this if we want to make progress in fiscal harmonisation in Europe."@en1
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