Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-380-000"
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"en.20120703.18.2-380-000"2
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"The ECR Group has decided to abstain on this own-initiative report, despite many valuable points developed therein. We welcome the fact that the EU remains the largest regional destination for foreign direct investment (FDI), despite the slowdown in investment flows as a result of the lingering global crisis. Investors appreciate the investment opportunities of the EU single market, mainly due to its high-quality and diverse human capital, relatively predictable business environment and high potential in research and innovation. We concur with the rapporteur that more needs to be done to overcome the burden of high taxation and high public debt accumulation, which have resulted in a loss of EU competitiveness at global level such as to eliminate restrictions on the supply of venture capital funding in small and medium-sized enterprises. We also agree that promoting education, research and development and job creation in areas such as greenhouse gas emissions reduction, development of renewable energy sources and improvement of energy efficiency could contribute to attracting FDI in the EU. Nevertheless, we object to the outright call for the implementation of a directive on the Common Consolidated Corporate Tax Base (CCCTB) in the EU, as mentioned in paragraph 32 of the report."@en1
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