Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-222-968"
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"en.20111026.16.3-222-968"2
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The unsustainably high level of sovereign debt and budget deficits requires the nations to rebalance their budgets. The persisting ideology of absolute independence for national legislators in the area of taxation is reducing the room for manoeuvre available to alleviate the problem. Against this general background, the existence of tax advantages for some businesses at European level, reflecting the growing social inequalities in all European societies, is enabling easy and lucrative capital and profit shifting. Therefore, a thorough revision of the Council directive on the system of taxation is necessary in order to reduce the differences in national tax systems and to resolve the double taxation and double non-taxation issues, by means of stronger anti-abuse provisions."@en1
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