Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-205-000"

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"en.20120419.15.4-205-000"2
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"Mr President, ladies and gentlemen, we are still far from fully completing the single market. In particular, 27 different laws on corporate income tax produce three main obstacles: high administrative costs and red tape for businesses operating in several countries, greater risks of tax evasion, as well as double taxation and fiscal discrimination, an incentive to corporate policies of ‘regulatory shopping’, with potential economic distortions and, with regard to this phenomenon, an incentive to national policies aiming at a progressive shift of taxation from mobile to less mobile grounds, with obvious social and economic distortions. Harmonising methods of calculating taxable profits is therefore necessary to ensure that businesses operating in the 27 Member States are subject to the same regulations, regardless of the Member State where they are taxed. It is for this reason that, despite the reluctance of some Member States that fear losing sovereignty in tax matters, I voted in favour of this text."@en1
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