Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-338-000"
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"en.20120419.15.4-338-000"2
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"There is a broad consensus in favour of the introduction of a consolidated tax base for a Company Income Tax in the EU. This has been expressed on a number of occasions, for example by the signatures of the Euro Plus Pact signatories. This would be an important step in building a common market and would make life much simpler for EU companies. It would bring about a significant improvement in the competitiveness of the European economy as it would create savings for business. However the consolidation proposal is destroying the consensus around the above concept by creating artificial formulae for classifying CIT tax income, which divides EU Member States into ‘winners’ and ‘losers’, meaning those that gain from this formula and those that lose. What is more, the document voted through during the sitting of the Committee on Economic and Monetary Affairs contained statements concerning possible CIT tax harmonisation, which represent a considerable distortion to the initial purpose of this directive. Having considered the above issues, I was forced to vote against this proposal in the hope that it will be rejected."@en1
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