Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-346-000"
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"en.20120419.15.4-346-000"2
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"In my view, the proposal for a Council directive on a Common Consolidated Corporate Tax Base should not be supported. The right of Member States to set differing corporate income tax rates, as well as to decide what precisely is taxable, is one of the means of ensuring fair competition between EU countries. Member States that have joined the euro area or have pegged their exchange rates to the euro no longer have the opportunity to use monetary instruments as a means of increasing their competitiveness. As a consequence, an advantageous tax regime is almost the only opportunity for new EU Member States to create the conditions for economic growth that is more rapid than in Member States with a large accumulated capital base. Although Parliament’s stance emphasises that the new system will not apply to the level of tax rates, it expresses an unequivocal determination to move towards ever closer tax harmonisation in the EU. Parliament wishes to amend the voluntary principle as regards the introduction of the corporate income tax base which is unequivocally expressed in the European Commission’s proposed directive. Instead, European companies which are by definition ‘transnational’ ‘are considered’ to have opted to apply the system from two years after the date on which the Member States apply the provisions of the new directive. Other companies, with the exception of small and medium-sized enterprises (SMEs), should also apply the directive no later than by the end of the fifth year of its implementation. Furthermore, the Commission is empowered to examine whether it must also become mandatory for SMEs."@en1
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