Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-346-500"
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"en.20120419.15.4-346-500"2
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The proposal is to regulate taxation on the income of companies and groups of companies active in more than one EU Member State. To this end, it puts forward a fixed formula for apportionment that does not affect the tax base, but rather its apportionment among the Member States. Value of sales, number of workers, staff costs and value of fixed assets are factors in this formula. It is not accurate because it does not take account of concrete factors, the importance of which may not be negligible. Moreover, considering wage bills or labour costs also has the harmful consequence of disproportionately distributing profits to countries where these are higher. In fact, any companies opting for this system will stop being taxed on their profits and will start being taxed according to the results of applying the designated factors to the group’s profits, which may not – and, the majority of the time, will not – be the same as the company’s real profit. The Common Consolidated Corporate Tax Base is optional. However, it cannot be applied to small and medium-sized enterprises, but only to European companies and European cooperatives, creating a situation beneficial to multinationals."@en1
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