Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-12-01-Speech-3-203"
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"en.20041201.18.3-203"2
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".
Mr President, I will very briefly explain the position of the Commission. I want to take as a point of departure the fact that there is a very clear and strong Community interest in upholding the principle of fair taxation and in the elimination of tax evasion. That was the aim of the directive on taxation of savings income in the form of interest payments, more commonly referred to as the savings tax directive, which received the strong support of the European Parliament.
In order to ensure the effectiveness of these measures and to preserve the competitiveness of the European financial markets, the Council gave the Commission a mandate in October 2001 to negotiate agreements with key third countries for the application by those jurisdictions of equivalent measures in their own savings tax directives.
The two agreements in front of us today follow those with Switzerland, Andorra and Liechtenstein, which have already been presented to and supported by Parliament. They constitute an essential component of a new framework for cooperation in the field of direct taxation based on our own savings tax directive, but also comprising similar agreements signed at national level with dependent and associated territories of Member States. All these legal instruments will have simultaneous application from 1 July 2005.
Let me thank Parliament for this vital support for these two valuable reports in favour of the proposals for the conclusion of these agreements.
In closing let me express the hope and expectation that these agreements will now be ratified without problems on both sides and so help alleviate uncertainty for market operators as regards the timing for the necessary preparations, in order for them comfortably to meet the starting date of 1 July 2005."@en1
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"Kovács, László,"1
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