Debate on Bringing transparency, coordination and convergence to Corporate Tax policies&nbsp;during the EP plenary session in Strasbourg. Statements by Anneliese DODDS (S&amp;D, UK), rapporteur,Ludek NIEDERMAYER (EPP, CZ), Rapporteur, and Christos STYLIANIDES, Member of the EC in charge of Humanitarian Aid and Crisis Management

statement

Strasbourg

debate

plenary session

NIEDERMAYER, Luděk (EPP, CZ)

fight against tax fraud and evasion (T)

STYLIANIDES, Christos (CY, EC)

corporate governance (T)

DODDS, Anneliese (S&D, UK)

Bringing transparency, coordination and convergence to Corporate Tax policies: extracts from the debate

https://api.multimedia.europarl.europa.eu/documents/20125/14713409/I114007Chapters%5BSD-EN%5D.srt

SOUNDBITE (English), Anneliese DODDS (S&amp;D, UK), rapporteur, Aggressive tax avoidance and evasion costs the EU &euro;1 trillion a year. That's a huge loss for Member States. But it is an even bigger loss for those people who live in the Member States. Their public services have often been cut to the bone. At the same time as the taxes they pay have been hiked. It also hugely unfair for those small and medium sized companies who pay their fair share of tax, how can they compete against giant multinationals?

SOUNDBITE (English), Anneliese DODDS (S&amp;D, UK), rapporteur, This report shows that there's a strong consensus in this house for real, hard-hitting action to be taken against tax dodging. This consensus colleagues, is quite remarkable . It extends across every single political group in this parliament.

SOUNDBITE (English), Anneliese DODDS (S&amp;D, UK), rapporteur, All companies that operate across borders should report where they make their profits and where they pay their taxes. A fair tax payer label should be awarded to companies who engage in good tax practice. EU countries should tell each other when they introduce... (DODDS is interrupted and asked to speak more slowly)... sorry, I'll try to. EU countries should tell each other when they introduce a new potentially harmful tax measure, and there must be much better protection for whistle blowers who report tax dodging. When it comes to coordination, businesses underline to us time and time again, the need for the EU to implement a full CCCTB, Common, Consolidated Corporate Tax Base. This would not set common tax rates, but would clean up the process of defining taxable assets, and activities.

SOUNDBITE (English), Lud&#283;k NIEDERMAYER (EPP, CZ), Rapporteur, The first area that I want to mention is to implement the recommendation that are the outcome of the BEPS (base erosion and profit shifting) project of the OECD. G20 including the European Commission asked the OECD to tackle this issue on the global level. The results are well-thought economical measures that were endorsed by the governments of many countries including G20 and developing countries. There is no excuse for us not to implement these measures briskly.

SOUNDBITE (English), Christos STYLIANIDES, Member of the EC in charge of Humanitarian Aid and Crisis Management, The Commission will present at the beginning of next year strong measures to combat tax fraud, tax evasion and aggressive tax planning within the EU.

SOUNDBITE (English), Christos STYLIANIDES, Member of the EC in charge of Humanitarian Aid and Crisis Management, As a first step, Member States should agree on a common tax base. The consolidation would follow as a second step. Here I would like to stress again, the Commission remains fully committed to consolidation, but we want to overcome the current, prolonged stalemate. Pending the adoption and implementation of the CCCTB, the measures included in the OECD G20 BEPS package should be implemented in the EU rapidly and in a coordinated way.