Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-23-Speech-2-018"

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"I would also like to stress the importance of this report as the strategic line we should follow in making reforms in the economies of the European Union. Regretfully, the representatives of Portugal are not with us today, when we are discussing this very important issue. What are the main points of our report? The main point is that in view of changes in the economic environment we must carry out an overhaul not only of our plants and enterprises, but also of the instruments of our fiscal policy. When referring to the Lisbon Strategy, we usually speak about expenditure policy; very rarely do we consider taxation policy. Without paying due attention to taxation policy we would not be able to achieve the Lisbon objectives. What issues are to be considered? First of all, it is necessary to look into the ways of distributing the tax burden between the producer and the consumer. Moreover, we cannot ignore the fact that there is one more group of people – those living on capital income. This is known as private equity. How do we distribute the tax burden? This is one of the challenges presented by the new economic environment. Another very important question is: how do we encourage structural reforms? Structural reforms cannot be implemented without introducing new enterprises, as people are not able to leave their existing jobs for new work places, which could create grounds for social discontent. New enterprises can be created only with beneficial taxation conditions. This is one of the main points of our document. The issue that needs to be considered is: what level of tax policy coordination is needed among the Member States? We are in favour of competitive taxes and we do not support the idea of introducing minimum rates. This is because each country has its own specific economic structure and national expenditure policy. Taxation policy must be in line with expenditure policy, but we are definitely in favour of the coordination of tax base policy and support the Commission on that matter."@en1

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