Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-12-17-Speech-1-083"
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"en.20011217.3.1-083"2
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"Mr President, great declarations and little progress, summits come and go and they are all the same. Apart from the expected launch of the Convention, Laeken has provided few concrete results. Happily, at Lisbon, Europe had defined new ambitions in terms of economic growth and employment. In relation to that essential objective, Laeken was content to reiterate the Lisbon decisions. It is better than nothing but takes us no further.
In terms of fiscal coordination, Laeken takes us to the end of 2002, but it is becoming clear that at Feira, fiscal Europe met with an impasse. The Feira agreement should lead to the exchange of information between Member States. The day when each citizen will pay the tax laid down by its own parliament, any desire for fiscal harmonisation, and healthy fiscal competition, will come to nothing. Each Member State will redefine its own fiscal policy. The others will have to provide the required information so that each person is taxed according to his nationality. Certain dependent or associated territories balk at adopting the exchange of information. Switzerland and other third countries refuse the system because they regard it as violating banking secrecy. Like Austria, Luxembourg and perhaps some others will not implement Feira without an agreement which extends to important financial markets outside the Union. Deadlock is still assured.
I appeal to President Prodi to propose a pay-as-you-earn system on savings revenue as a direct European tax. Such a system would be accepted by the public if it is in full discharge, that is to say that it exempts the citizen from any other additional tax. A pay-as-you-earn system would prevent the enormous bureaucratic system which an exchange of information would imply, but above all, such a European tax could be payable on European assets in the United States, Switzerland and other countries. This would increase the Union’s income and allow us to reduce the current national contributions.
Mr President, take this idea on board, and you will really bring progress to Europe."@en1
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