Text tabled : A7-0007/2010

  Proinsias De Rossa (S&D), in writing. – I voted in favour of this Report on Promoting Good Governance in Tax Matters, which is key to rebuilding the global economy. It requires transparency, exchange of information, cross-border cooperation and fair tax competition. It would discourage tax fraud and evasion to the competitive advantage of tax compliant businesses and reduce pressure on governments to lower corporate tax rates which shifts the tax burden onto workers and low-income households while forcing cutbacks in public services Any European agreement on Common Consolidated Corporate Tax Base has to have regard to the needs of geographically marginal regions of the EU such as Ireland and their capacity to attract FDI. A CCCTB is not about a common tax rate. Taxation of companies is the exclusive responsibility of each Member State. The idea of CCCTB is to establish a common legal basis for the computation of profits of companies with establishments in at least two Member States. On CCCTB, this report says; ‘Recalls that the introduction of a CCCTB would help to tackle – within the EU – double taxation and transfer price issues within consolidated groups’ I welcome the Irish Government’s proposal in this year's Irish Finance Bill to regulate transfer pricing by transnational corporations.