Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-493"

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"en.20100706.31.2-493"2
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"Mr President, Commissioner, it is clear from what happens in practice and from what you have told us today that the Member States cannot deal effectively with this very important problem with their own control mechanisms alone. Of course, it goes without saying that this form of tax evasion seriously damages growth and leads to flows of funds not on the basis of the criterion of return, but on how best to evade taxes. There is another approach, as adopted in Spain and the United States of America, where controls of deposits are more relaxed and thus, these tax havens become less attractive. Of course, be that as it may, that cannot be applied in Member States which have no effective control mechanisms, because it results in loss of revenue. My question therefore is: what are the Commission’s priorities, what is its strategy, what is its approach in this endeavour and what balances does it want to retain ..."@en1
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