Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-468-000"

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"en.20120418.24.3-468-000"2
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"Mr President, it has been said that the fiscal sector remains unfinished business in European integration. We need to make progress on that unfinished business in order to consolidate our successes, face the current challenges and achieve credible economic governance. Furthermore, if this is to be done with full democratic legitimacy, then Parliament should not play a merely consultative role. The creation of a common consolidated corporate tax base (CCCTB) is a long awaited step and a vital initiative for combating harmful tax competition, eliminating tax arbitrage and fairly attributing the profits and losses of companies of the same group located in different Member States. Its introduction could contribute to transparency, which will facilitate comparison of fiscal effort, and simplification, which will reduce administrative and management costs caused by disparate legislation; it will also establish a level playing field so that resources can be used more equally and fairly. All of this will help our objective of promoting growth and sustainable employment. The Commission’s proposal provided greater fiscal consistency in an area in which there are already bilateral initiatives, but it offered an optional system and consolidation for national companies. The compromise reached in the Committee on Economic and Monetary Affairs is satisfactory because it allows for the gradual implementation of the measure and, at the same time, it considers the possibility of a review clause that includes the analysis of minimum rates. I therefore wholeheartedly support it."@en1
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