Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-330-500"
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"en.20120419.15.4-330-500"2
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The report adopted seeks to create an EU-level voluntary Common Consolidated Corporate Tax Base (CCCTB) through the harmonisation of the calculation and apportionment of the tax base, while not affecting either tax rates or national rules on financial reporting. Its application could give a considerable boost to the competitiveness of the European economy, transparency, and the reduction of tax fraud, tax evasion and double taxation, but I still cannot vote for the report because tax base adjustments are also used by Hungary to implement its economic policy preferences. The complete harmonisation of corporate tax base calculation is therefore not in line with the Hungarian Government’s current tax policy, and would have a negative impact on tax revenues, would reduce the GDP, and would undermine the competitiveness of the domestic corporate tax system."@en1
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