Activities of Gay MITCHELL related to 2011/0058(CNS)
Plenary speeches (1)
Common consolidated corporate tax base (debate)
Amendments (6)
Amendment 17 #
Proposal for a directive
Recital 1
Recital 1
Amendment 22 #
Proposal for a directive
Recital 1 a (new)
Recital 1 a (new)
(1 a) The report on the 'Future of the Single Market' by former Commissioner Mario Monti states that tax competition does not adversely affect growth in the Single Market.
Amendment 28 #
Proposal for a directive
Recital 2
Recital 2
(2) Tax obstacles to cross-border business are particularly severe for small and medium enterprises, which commonly lack the resources to resolve market inefficiencimay affect small and medium enterprises.
Amendment 45 #
Proposal for a directive
Recital 5 a (new)
Recital 5 a (new)
(5 a) This Directive is not a first step towards harmonisation of the corporate tax rates of the Member States. Each Member State reserves the sovereign right to set its own corporate tax rate.
Amendment 49 #
Proposal for a directive
Recital 6
Recital 6
(6) Consolidation is an essential element of such a system, since the major tax obstacles faced by companies in the Union can be tackled only in that way. It eliminates transfer pricing formalities and intra-group double taxation. Moreover, losses incurred by taxpayers are automatically offset against profits generated by other members of the same group. However, the CCCTB is not a tax- neutral operation. The European Commission's own impact assessment states that the EU tax base will decrease under a voluntary CCCTB by 2.7%.
Amendment 415 #
Proposal for a directive
Article 133 – paragraph 1
Article 133 – paragraph 1
The Commission shall, five years after the entry into force of this Directive, review its application and report to the Council on the operation of this Directive. The report shall in particular include an analysis of the impact of the mechanism set up in Chapter XVI of this Directive on the distribution of the tax bases between the Member States. Any matter not covered by the scope of the Directive, in particular the examination of the impact of non-harmonised tax rates, need not be examined.