Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-328-062"

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"en.20120419.15.4-328-062"2
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"− I think that differences in the methods for calculating the tax base among Member States bring huge bureaucratic costs and represent one of the main remaining barriers to trade within the European Union. Accordingly, establishing a Common Consolidated Corporate Tax Base (CCCTB) would reduce these costs, with obvious advantages for enterprises operating across various countries. This proposal helps cut red tape and reduce the costs related to tax obligations by establishing a single approach to calculating the base and by adopting the ‘one-stop-shop’ concept, as a result of which enterprises will only have to submit only one statement. It also makes it possible to offset the profits made in one country with the losses incurred in another, thereby eliminating the phenomenon of double taxation. I think this directive could help businesses that operate in a number of countries to grow, especially small and medium-sized enterprises which face proportionally higher costs due to excessive red tape. The proposal therefore helps towards the achievement of the objectives of the Europe 2020 strategy and provides a way to boost growth and employment in the Union. That is why I decided to vote in favour of the proposal."@en1

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