EPP Group pushing for Panama Inquiry Committee to start work next week
“Parliament’s second LuxLeaks Committee did not uncover any ground-breaking new findings”, said Danuta Hübner MEP, the EPP Group negotiator of the final report of the Special Tax Committee which was adopted by the European Parliament today.
“As long as every EU Member State makes its own independent tax policy there will be loopholes and mismatches between national tax systems. Only more collaboration between the Member States can prevent tax avoidance. We knew this and the work of the special committee has confirmed this”, Hübner stressed.
The EPP Group is pushing for the new Panama Papers Inquiry Committee to start its work already next week. “The Panama Papers reach another scale than what LuxLeaks revealed. And they also exposed the problem of money-laundering which was not addressed in the LuxLeaks Committee”, said Burkhard Balz, the EPP Group MEP who led the negotiations on the mandate for the Panama Inquiry Committee and who was the EPP Group’s Spokesman in the LuxLeaks Committee.
“We do not want to harmonise corporate tax rates, but what is taxed and where it is taxed.” Danuta Hübner MEP
For the EPP Group, the key measure to tackle the problem of loopholes used by companies to avoid paying taxes is to harmonise the rules on what is taxed in Europe, the so-called Common Consolidated Corporate Tax Base. “We do not want to harmonise corporate tax rates, but what is taxed and where it is taxed. The EPP Group wants to enforce the principle that taxes must be paid where value is created”, Hübner stressed.
But future measures to fight tax evasion by companies must not hamper legitimate business. “The major difference between the EPP Group and other political Groups in the Special Committee was that the others had the generalised suspicion that businesses’ main activity is to trick the state. The EPP Group wants to protect those law-abiding companies who pay their taxes”, said Hübner.
source: https://www.eppgroup.eu/press-release/2nd-LuxLeaks-Report%3A-no-new-findings?usebuid=8075
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