Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-662-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:System of taxation applicable in the case of parent companies and subsidiaries of different Member States - Compatibility of the German and British tax agreements with Switzerland with the EU Savings Tax Directive (debate)2
lpv:document identification number	"en.20111025.32.2-662-000"2
lpv:hasSubsequent	lp_eu:2011-10-25-Speech-2-663-0002
lpv:speaker	lp:Algirdas Šemeta2
lpv:translated text	"Madam President, I would like to thank you for this debate on such an important subject. The Commission is seriously concerned about the situation, as the lack of international coordination permits abusive practices. It leads to unfair and inefficient taxation, and my services are working hard to deal with these questions. Next year, I plan to table an initiative addressing these issues. Although I share the concerns expressed in the report by Sven Giegold, it is more appropriate to address them via the planned initiative. I would greatly welcome your continued support in this area. As regards bilateral savings taxation agreements, I understand the Member States’ wish to find solutions to consolidate their budgets. Concluding bilateral agreements in order to tax hidden savings income in third countries might appear very attractive. However, the competence of the Union and the Member States in this area needs to be respected. I am convinced that only a coordinated EU approach towards third countries will allow Member States, big and small, to reach a level playing field in the taxation of savings. I would therefore like to repeat my call to rapidly reach a unanimous agreement on the revision of the Savings Taxation Directive and on the mandate to negotiate tax agreements for the European Union as a whole. Some of you mentioned that the Commission has to be brave enough to make proposals. This year, you have received a number of proposals which are probably out of step with what would normally have been suggested in previous years. I can reassure you that subsequent proposals will follow, on the issues of abuses and double non-taxation. We are working on this very seriously, since this subject has to be fully addressed one way or another. In terms of savings taxation, the Commission will ask the Council to extend a mandate to us to negotiate with Switzerland. Without this mandate, no negotiation is possible. I am convinced that by acting together, we can achieve much more than with bilateral agreements, so I once again urge Member States to extend this negotiating mandate and immediately allow the Commission to start negotiations with Switzerland."@en1
lpv:unclassifiedMetadata	"Algirdas Šemeta,"1 "Member of the Commission."1
lpv:videoURI	<go to Events_and_structure europarl>2

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