Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-217-500"
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"en.20111026.16.3-217-500"2
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"The European Parliament report on a common system of taxation in the case of parent companies and subsidiaries of different Member States is based on a previous Council directive and basically recasts and simply codifies it. I abstained, because the report in question rightly notes that there is a race to the bottom of corporation rates in the EU and non-taxation or double non-taxation. Also, the report itself recognises that simple codification is not a solution to all these problems. However, within the framework being laid down and its intentions perhaps notwithstanding, it is unable to provide a convincing response and to distinguish itself from EU policies applied to date. As a result, in essence it simply codifies – and hence maintains – the prevailing EU tax policy, which is a far cry from a socially fair, acceptable and common European tax policy, a growth-oriented and distributive tax policy which is able to address the serious problem of tax shopping, of effective control and taxation of offshore companies and of the notorious tax havens springing up in the EU."@en1
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