Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-10-26-Speech-1-062-000"

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"en.20151026.12.1-062-000"2
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"Madam President, let us be clear, it is the existence of the EU itself which has facilitated multinational corporations in aggressively avoiding the potential tax liabilities that would be justified by their turnover in large European countries. Under EU rules, corporations have been able to choose to pay their taxes in any EU jurisdiction rather than the one where economic activity has taken place. This has given smaller EU nations an incentive to strike sweetheart deals with very large multinational businesses and gives micro-states, such as Luxembourg, the opportunity to enrich themselves while also offering a path for huge businesses to avoid paying a fair share of tax in countries where they record the bulk of their sales. So it would be perverse indeed to accept any proposed solution that involves more Europe or more power to the European Commission. The answer, rather, is for nations to take back full tax sovereignty over economic activity within their own borders."@en1
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