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 Full text 
Wednesday, 14 March 2018 - Strasbourg Revised edition

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

  Brian Hayes (PPE). – Madam President, the principle of taxation policy in trying to encourage investment and industrial policy – particularly in peripheral parts of the European Union or less developed parts of the Union – is an essential point that we should never lose. I recognise that there is a significant majority in this House for both of these reports, as has been the case for many, many years, but there is not a significant majority, or anywhere close to that, in the Council.

That is because there is a real concern among smaller Member States that this proposal could lead to a hollowing out of the public tax position in those Member States, and could lead to a real reduction in terms of their total tax take in favour of larger Member States with big domestic populations. There has been no serious impact assessment on this proposal and we are very concerned about the way in which it could impact radically on smaller Member States.

We have to do more to address aggressive tax planning, and the best way of doing that is at OECD level.

Last updated: 16 July 2018Legal notice