Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-06-24-Speech-1-274-000"
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"en.20150624.29.1-274-000"2
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"Madam President, playing a leading role on fair taxation does not mean legislating in isolation. I understand and share the concerns of EU citizens when it comes to large companies avoiding tax, but the EU should not delude itself that the multinational companies can be brought into a fair taxation framework via a single piece of EU legislation. It may be a sad reality, but it is a reality that people try to lower their tax contributions, and often that will mean locating activities in low-tax jurisdictions. That means companies may relocate outside of the EU to lower their tax contributions, and there is very little that the EU can do about it. There is a reason why the UK Government has led the tax reform agenda at the G7 and G20. If we want corporations to pay their fair share, we need to work collectively at the level of the OECD, so that as many countries as possible work together to solve this problem.
If countries all legislate at a national level, wherever in the developed world a company may be located, our problem on tax is resolved. The Member States need to show leadership within the OECD and in particular press for stronger transfer pricing and permanent establishment rules to ensure companies pay the appropriate level of tax in the countries where they earn their profits. All Member States individually should now take the necessary steps for early adoption of the OECD country-by-country reporting, which will help tax authorities to spot avoidance and make sure that companies pay what they owe. Closer cooperation amongst EU tax authorities and their global partners will ensure that opportunities to avoid tax become fewer.
The EU legislative process on VAT took 10 years to negotiate and then a further 10 years to implement. A legislative route on the common corporate tax base is not an efficient way of solving the issue of corporate taxation. The easiest and fastest way to address the issue of corporate tax is to agree a solution at the OECD and then implement that solution urgently in national law."@en1
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