Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-06-07-Speech-2-065-000"
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"en.20160607.2.2-065-000"2
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"Mr President, LuxLeaks, Panama Papers and tax avoidance tactics by multinationals – all these revelations demonstrate one thing, that if you are powerful enough and have tax advisors you are not obliged to pay your tax. On the other hand, normal hard-working people and SMEs have to pay.
I am sure that individuals in small organisations pay more proportionally. The other day I was speaking to some small business representatives in my constituency in the West Midlands. One of the issues they raised and which they want Europe to tackle is this unfair competition from multinationals to the SME sector. This is unfair and it is unjust, because aggressive tax planning by multinationals leads to a loss of between EUR 100 to 250 billion every year in Member States’ budgets. This means we lose between 4% and 10% of global revenues from corporate taxes.
We have to address this, and the Bayet report does this and my congratulations to the rapporteur. I particularly welcome the precise definition of what constitutes a tax haven. This builds upon our earlier work where we call for country-by-country reporting for all companies as applied in the financial sector.
Corporate tax evasion is a global problem which requires global solutions. The G20 has shown its clear commitment and we need to be doing the same. Those anti-Europeans, the Brexiters, are misrepresenting our work here. We are talking about corporate taxation whilst they are implying that we are alluding to personal taxation which is not what this report does. I think what the rapporteur is trying to achieve in this report is absolutely right and as I said before, my congratulations to him."@en1
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