Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-332-187"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-04-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20120419.15.4-332-187"2
lpv:hasSubsequent	lp_eu:2012-04-19-Speech-4-332-2502
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	substitute; REGI (2012-01-19--2014-06-30)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; TRAN (2012-01-19--2014-06-30)3 substitute; Delegation for relations with the Korean Peninsula (2012-02-15--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"− I welcomed this document because the directive on a Common Consolidated Corporate Tax Base (CCCTB) lays down common rules for the calculation of the tax base applicable to companies operating in the European Union. This EU tax 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) when there are other group members and to apportion the consolidated tax base to all relevant Member States if it is positive. 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 does not apply to national rules on financial reporting. The CCCTB is an indispensable instrument for completion of the European internal market on the one hand, and for European economic integration on the other hand. Various distortions of the internal market can only be remedied if a common system of rules is adopted with common administrative procedures and a one-stop shop system of administration. The principal advantages of introducing the CCCTB include: greater fiscal transparency; reduced enforcement costs and red tape, which will improve the prospects for growth of businesses with cross-border operations, and make the European Union more attractive to foreign investors; the expectation that allocation decisions on the internal market will be taken more in the light of social and economic considerations of a tax-neutral nature than they are at present; a reduction in two types of tax problem: tax evasion and fraud on the one hand and double taxation on the other."@en1

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