Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-343-500"
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"en.20120419.15.4-343-500"2
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"There is no doubt that, if there are 27 tax systems in the EU, the cross-border operation of companies is not only made difficult, but also making the final efforts to create a single internal market is cast in doubt without common tax rules. However, this does not mean that common corporate tax rates are needed immediately. Let us not forget that tax competition is an important instrument for Member States to attract investments and regulate economic and financial processes, and it is therefore no coincidence that tax policy comes entirely under their remit. This is why I supported the removal of texts on the introduction of minimum tax rates, which would adversely affect at the moment those economies that need urgent incentives to achieve growth and higher competitiveness. For economies with low, flat tax rates of around 10-12%, the introduction of tax rates of 25%, as proposed by some colleagues in Parliament, would be tantamount to eliminating the potential to attract investments, with unforeseeable economic and social consequences. Against the current background of economic and financial crisis, the time is not right to impose on Member States external tax solutions that may further erode the undermined confidence in the EU, especially if tax increases are looming on the horizon."@en1
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