Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-11-Speech-2-439-500"
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"en.20120911.32.2-439-500"2
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"On many occasions in the last few years, there have been amendments made to the Council directive concerning a common system of taxation applicable to interest and royalty payments made between associated companies of different Member States. However, there are still some technical refinements to make, for the sake of clarity. Considering that recent estimates indicate that tax evasion and tax avoidance cost the governments of the EU a significant amount of uncollected revenues, the directive needs to be amended in order to further tighten the possibility of unintended non-taxation, double taxation or tax avoidance fraud among the Member States. Although the question of holding requirements (10%) and that of transitional periods are not modified in the rapporteur’s draft report, I am voting in favour of the proposal in the hope of ruling out any possibility of tax evasion, substitution of taxes or any illegitimate tax exemptions."@en1
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