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15/12/2015
Euro area recommendation - Completing Europe's Economic and Monetary Union (debate)

in writing . - Mr Dijsselbloem, where is the European deposit guarantee without which the Banking Union is incomplete, leaving the citizens unprotected - they who are called to pay ever more into State revenue, while multinationals and wealthy individuals park tax-evaded capital in tax havens with banks' assistance? This is indeed a crisis of legitimacy, as President Juncker noted, so evident in the ongoing race into the bottom on tax dumping among Member States, aggravating tax injustice.

Look at my country, Portugal: a former Tax Authority director just stated that 1 000 of the wealthiest families who should pay for 25% of the national revenue in personal income tax actually only pay 0.5%. And that, under the Troika's noses, the Tax Authority Unit set to make these families pay their dues was dismantled. Until the Commission and Council put into practice the measures recommended by our TAXE Committee, harmonise taxation and on that basis adopt a proper European Budget for relaunching investment and growth, the legitimacy crisis will only deepen, together with unemployment, stagnation and divergence in the Eurozone. Only the electoral scores of Le Pen and other xenophobic and anti-European forces will ominously grow!

 

 
 
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