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 Full text 
Wednesday, 14 March 2018 - Strasbourg Revised edition

Common Consolidated Corporate Tax Base - Common Corporate Tax Base (debate)

  Jeppe Kofod (S&D). – Madam President, it is high time to ensure that taxes are paid where profits are made, and the sad truth is that, a long time ago, we, as Member States and nations, lost sovereignty around corporate taxation in the age of globalisation. What this proposal on a Common Consolidated Corporate Tax Base is doing is actually taking a first big step to ensure that we can regain sovereignty around corporate taxation – ensure that big multinational corporations again start paying their fair share of taxes – and it is also creating much better and more equal competition between small and medium-sized enterprises and big corporations, thus ensuring growth and jobs in Europe.

It is important to note that what we have been seeing now and over the past decades is a race to the bottom on corporate taxation, raising inequalities between our societies and in our societies. With this Common Consolidated Corporate Tax Base we are taking a step to eliminate that race to the bottom.

So this is an important step we are taking in Parliament and in the European Union, and we should go global with it. This is the first step. We need to create a corporate tax system that fits the 21st century, and what we are doing in Europe is actually not impeding nation-state sovereignty. It is a step to enhance sovereignty and also to ensure that everybody contributes with fair taxes – and that we should applaud!

Last updated: 16 July 2018Legal notice