1 Amendments of Alfred SANT related to 2016/0339(CNS)
Amendment 68 #
Proposal for a directive
Recital 21
Recital 21
(21) The objective of this Directive is to improve the resilience of the internal market as a whole against hybrid mismatch arrangements. Tes. Although this cannot be sufficiently achieved by the Member States acting individually, given that national corporate tax systems are disparate and that independent action by Member States would only replicate the existing fragmentation of the internal market in direct taxation. It would thus allow, fighting inefficiencies and distortions to persist should not come at the cost of compromising the interaction of distinct national measures. This would thus result in a lack of coordination. That objectiveMember States’ flexibility in setting their tax policies. Yet, the objective of coordination can rather, due to the cross-border nature of hybrid mismatch arrangementes and the need to adopt solutions that function for the internal market as a whole, be better achieved at Union level. The Union may therefore adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive does not go beyond what is necessary in order to achieve that objective. By setting the required level of protection for the internal market, this Directive only aims to achieve the essential degree of coordination within the Union that is necessary to achieve its objectives.