Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-219-750"
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"en.20111026.16.3-219-750"2
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This report, by Mr Giegold, analyses a proposal for a Council directive on the common system of taxation applicable in the case of parent companies and subsidiaries of different Member States. The current financial and economic crisis has been making it difficult to draft the budgets for 2012. The Member States will have to make an additional effort in order to reduce expenditure and rebalance their budgets. This makes it essential to review the current tax system. The single market, as an integral part of the European project, still demonstrates many discrepancies between the Member States, which have been corrected using directives. One of the sources of many injustices within the EU is the tax system, which is to the detriment of businesses and consumers. There is, therefore, an urgent need for fiscal harmonisation that brings an end to tax havens, to double taxation and to capital flight from one Member State to another. I welcome the adoption of this report, which recommends a thorough review of the Council directive, so as to put a stop to existing shortcomings, not least double non-taxation, tax evasion and non-payment towards financing social needs. Finally, I hope this will contribute to strengthening small and medium-sized enterprises."@en1
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