Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-22-Speech-3-398"
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"en.20081022.23.3-398"2
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"I want to echo Mr Ryan’s comments. The specific question that was asked was: if the assessment proves unfavourable, will you shelve the plans for implementing CCCTB? And that question was not answered.
Also, there have been a number of other assessments – not, obviously, carried out by the Commission – which have shown that, in many ways, CCCTB would collapse under its own weight.
But, given that you have not answered the question that was asked, I want to put one or two others to you. Would you not agree that it is not simplification? At present, we have 27 tax bases. With CCCTB, we would end up with 28. If it were to operate, would you not agree that it would damage Europe’s capacity to attract direct foreign investment, in that tax payable by multinationals in one country would no longer be determined by the law of that state but by reference to a complicated formula which can only be computed in retrospect? So, in other words, no policy certainty, and that will scare foreign direct investment like nothing else. I just want your view on that, please, Commissioner."@en1
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