13
Jul
2023
Watch
Recommendations of the Commission on public country by country reporting transposition (debate)
Mr President, Commissioner, my group has always had the position that the principle of better regulation should not prevent Member States from maintaining or taking more ambitious measures, and adopting higher social, environmental and consumer protection standards in cases where only minimum standards are set out in Union law. Now it seems that the Commission’s intervention in the transposition of directives at national level risks becoming undue interference in the freedom of Member States to go beyond established minimum standards. What is needed now is more transparency and communication from the Commission to the European Parliament, as deciding whether additional elements ultimately constrain Member States to lower standards and, ultimately, shuts down all efforts to impose at national level higher safeguards for tax transparency of companies. This is very important because this Directive is a first step forward in Europe. For the first time, we will have an idea of how much multinationals earn and pay in taxes in the countries where they operate, and we will know if they are using tax-shifting practices. I would be happy if the Commissioner could also clarify a little bit the role of the OECD, because we know that the OECD has put pressure on Australia, on legislation that they wanted to put in place, by putting restrictions on the transposition of that law.