Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-490-000"
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"en.20120418.24.3-490-000"2
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"The EU must take decisive measures to improve its competitiveness on the international stage. The proposal we are discussing today aims to create a mechanism for a common consolidated tax base for corporate taxation. However, this directive will not enable the EU to become more competitive: quite the opposite – it will deprive the European Union of the competitive advantages provided by having a variety of tax rules and rates. Some countries will benefit and others will lose out from the introduction of this common base, but one thing is certain: the end result will be to make the EU less competitive as a whole and cause an outflow of foreign investments to third countries with more favourable tax conditions.
Europe needs tax competition if it wants to attract foreign investors. The introduction of a common consolidated tax base throughout the EU will deprive individual Member States of their important competitive advantages and, in the long term, will lead to a mechanical alignment of tax rates as a result of the decrease in revenues in some of them. The EU must approach this carefully and focus its efforts on decreasing the administrative burden and improving the business environment. Unlocking the full potential of the single market is the key to economic growth and creating new jobs."@en1
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