Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-332-625"
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"en.20120419.15.4-332-625"2
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".
I did not support the resolution on the proposal for a Council directive on a Common Consolidated Corporate Tax Base, as the current wording is not advantageous to Latvia’s economy. The directive provides the opportunity for businesses to consolidate their profits or losses on a defined tax base, which is apportioned accordingly among the states in which the business operates. The relevant state’s own rate of corporate income tax is then applied to that apportioned base. In the version proposed by the Commission, Member States may introduce and operate this corporate income tax regime to businesses within their jurisdiction. This directive was amended in this House so that it now provides that introduction of this new tax regime is mandatory for Member States. As this is an untried regime and many uncertainties remain as regards the consequences of this new tax regime’s introduction and what effect it would have on the Latvian economy and Latvia’s tax revenues, I consider that the resolution does not merit support. Furthermore, this directive is a step towards tax-rate harmonisation, which is inadmissible if we hope to maintain Latvia’s competitiveness as far as tax is concerned."@en1
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