Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-327-000"
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"en.20120419.15.4-327-000"2
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I voted in favour of this report because the Common Consolidated Corporate Tax Base (CCCTB) is an indispensable instrument for completion of the European internal market and for European economic integration, which is necessary for the stability of the Eurozone. European Union Member States have different tax bases, which partly constitute trade barriers to growth and employment. The European Union CCCTB framework comprises a full set of rules to consolidate the individual fiscal results of each company or branch, to consolidate those results (profits and losses) and to apportion the consolidated tax base to all relevant Member States if it is positive. It is important that each Member State will apply its own tax rate to the share of the tax base assigned to it. Only the calculation and apportionment of the tax base is being harmonised. Member States themselves will retain the power to set the tax rates. The harmonisation also will not apply to national rules on financial reporting. Taking into account the CCCTB, the aim is to reduce compliance costs for companies in the internal market in the area of taxation by establishing a system for a common base for company taxation so that groups of companies are able to deal with a single tax administration. However, in order to ensure that artificial transactions with the main purpose of avoiding taxation are ignored for calculating the tax base, stricter abuse rules need to be considered."@en1
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