Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-26-Speech-3-222-992"
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"en.20111026.16.3-222-992"2
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"−
Europe’s integration process has almost entirely passed by the taxation systems of the Member States, where a strict notion of sovereignty still predominates; fiscal sovereignty, in this case. However, this posture of inertia has led to veritable ‘
shopping’ – since the Court of Justice clearly considers this acceptable when companies are being set up – which creates additional problems for the Member States. As regards the tax system to apply to parent companies and subsidiaries, for example, in a small number of cases, the double taxation principle means that value added is not taxed where the subsidiary is located but left to the country housing the parent company. This ends up being problematic, in that the location for the head office is chosen for reasons of ‘tax competition’. The figures are problematic: corporation tax in the EU decreased from 44% in 1980 to 35% in 1995. The current figure is 23.2%. There is therefore a need to adopt a common policy enabling this specific problem to be tackled, as the intervention of any Member State in isolation would be condemned to have little practical effect. I voted in favour for these reasons."@en1
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