Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-11-Speech-3-166"
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"en.20040211.6.3-166"2
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".
Mr President, as I said the key sentence is: 'It is clear that the time has come to put some real order here.' I mentioned three demands to be formulated: the special operations should be listed in company accounts; their purpose should be explained – why the company has them at all; and the group auditor must be responsible for checking. We are considering stronger disclosure requirements in amendments to the fourth and seventh Company Law Directives to be adopted in September, but I do not know whether those amendments are sufficient to control the whole business of offshore tax havens and special purpose vehicles. However, these three requirements which I have just formulated certainly must be met and we must find a way of doing this."@en1
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