Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-423-000"

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"en.20120418.22.3-423-000"2
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"Mr President, did you know that Ikea is a Dutch company, just like Eni, a company of Italian origin, Coca Cola Hellenic Bottling Company, as the Greek soft drinks bottler is called, and Jerónimo Martins, the largest Portuguese supermarket. Obviously, these companies are not really Dutch. These are ingenious set-ups with an administrative office in the Netherlands and real activities elsewhere. These companies are doing this, through secret agreements with the Dutch Tax and Customs Administration, in order to pay as little tax as possible. Often, they use the network of tax treaties set up by the Netherlands through which they are able to channel their profits to tax havens following minimal tax payments in the Netherlands. It is shocking to see that such multinationals are evading tax while, everywhere in Europe, people are having to tighten their belts as a result of the austerity fury. This means that the heaviest shoulders are carrying the lightest burdens. This problem cannot be resolved nationally; the European Union has take action. In the resolution, we ask, amongst other things, for transparency. The annual accounts of multinationals should be much clearer and more specific, that is, they should provide insight into sales and profits for each country. Tax treaties, both between Member States and with third countries, should be examined and coordinated, so that they cannot be misused for tax evasion. In addition, we need to move towards a European minimum rate for corporation tax. I hope that the Commission will pick up this broadly supported resolution and hurry up with the preparation of proposals."@en1
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