Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-21-Speech-2-042-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2013-05-21"^^xsd:date2
dcterms:Is Part Of	lp_eu:Preparations for the European Council meeting (22 May 2013) - Fight against tax fraud, tax evasion and tax havens - Annual tax report: how to free the EU potential for economic growth (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20130521.5.2-042-000"2
lpv:hasSubsequent	lp_eu:2013-05-21-Speech-2-043-0002
lpv:speaker	lp:Kay Swinburne2
lpv:spoken text	"Mr President, balancing tax sovereignty with the need for improved coordination and transparency in tax matters will be difficult but it must be done, both within the EU and globally. It is abhorrent that some multinational companies are using complex legal structures across a number of countries to pay as little corporation tax as possible. Estimates of one trillion euros per year being lost to fraud, tax evasion and tax avoidance are shocking at any time, but more so when our governments need every penny of tax revenue to rebalance their budgets and get deficits under control. The game of cat and mouse with global companies over corporate taxation is not new, yet it seems that during the last 15 years many governments have given companies an easy ride, preferring to receive increased foreign direct investment and income through new employment rather than taxing global profits effectively. I firmly believe in tax sovereignty. Member States have a responsibility to deal with their own companies and jurisdictions but they also have a responsibility to ensure that their tax law does not create perverse incentives globally. The US Foreign Account Tax Compliance Act (FATCA) initiative has its extraterritorial problems, but it gets to the root of the problem. If companies are forced to report their global taxation arrangements, it will be clear who is paying their fair share. The only way to address this is via the G8 and G20. David Cameron is leading the debate internationally to find ways of solving these problems: globally-agreed standards for reporting, exchanges of relevant quality data, and simplified tax systems. Collecting tax on worldwide income, where appropriate, will ensure fairness in taxation globally."@en1
lpv:spokenAs	substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2012-03-28--2014-06-30)3 substitute; CULT (2012-01-25--2014-06-30)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-10-19--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 member; PECH (2009-07-14--2014-06-30)3
lpv:unclassifiedMetadata	"Kay Swinburne (ECR ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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