Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-19-Speech-2-217"
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"en.20070619.37.2-217"2
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"Mr President, the votes today on the Ferreira report demonstrate once again the relentless attack on countries in Europe that operate low corporation tax regimes. The putting in place of a common consolidated corporation tax base means that there will be greater distribution of corporation tax receipts to the exchequers of the larger EU Member States at the expense of others. Even if eight or more countries agreed to a common consolidated corporate tax base, this would in turn have the effect of invalidating existing bilateral tax treaties with Member States that chose to participate in a CCCTB arrangement.
Efforts are already being made by some Member States whereby corporation tax receipts would be made in the country where is sold. This would be very bad news from an Irish perspective because many of the large companies in Ireland only manufacture or produce new goods and services that are sold in the larger EU Member States. Let nobody be in any doubt – and in particular after the very hostile and negative comments recently made by the German Finance Minister – that Ireland and other countries with low corporation tax regimes face a real battle to keep their low corporation tax structure in place, which has kept employment high, unemployment low and has been one of the main planks of a successful economy."@en1
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