Traduction de «Distribution real income » (Anglais → Français) :

A. whereas the increasing inequality in the distribution of income and wealth (rising profits and wealth, steep decline of labour's share in national income) in the last decades up to 2007/2008 was the major driving force behind the giant growth of investment in financial markets and the creation of speculative bubbles (Internet 'New Economy', real estate etc.),

7. Underlines the fact that the discipline of wage moderation also acts as a brake on the growth of household income and thereby on private consumption; therefore warns against focusing exclusively on wage moderation as an instrument to achieve price stability and maintain competitiveness; recalls that increased global competition has already contributed to downward pressure on wages, while higher commodity prices and energy costs have reduced the purchasing power of EU consumers; emphasises that real salaries should rise in line w ...[+++]ith productivity gains, in order to guarantee long-term stability in the distribution of income;

7. Underlines the fact that the discipline of wage moderation also acts as a brake on the growth of household income and thereby on private consumption; therefore warns against focusing exclusively on wage moderation as an instrument to achieve price stability and maintain competitiveness; recalls that increased global competition has already contributed to downward pressure on wages, while higher commodity prices and energy costs have reduced the purchasing power of EU consumers; emphasises that real salaries should rise in line w ...[+++]ith productivity gains, in order to guarantee long-term stability in the distribution of income;

We therefore insist on the need to significantly increase the EU budget based on a fair distribution of income and wealth, so that there is a real policy of economic and social cohesion and so that we reject measures that are just more of the same, in other words ‘save yourself if you can’ measures, allowing the richest to become ever richer and the poor to become ever poorer, as clearly demonstrated by the increasing inequalities and disparities among the euro area economies.

The gist of it was that in relation to the proposed tax on distributions from publicly traded income trusts or publicly traded partnerships, other than those that hold passive real estate investments, the government should repeal the 31.5% tax regime and replace it with a 10% tax to be paid by such entities, with the revenue to be shared equitably with provincial governments.

A Co-ordination Centre is an undertaking belonging to a multinational group providing services to other members of the group. Under a 10-year license granted by the tax authorities, the taxable revenues of a Co-ordination Centre are determined according to the so-called "cost-plus" method. The cost plus method is normally aimed at avoiding double taxation and limiting tax avoidance. In the cost plus method, the taxable profit is calculated as a percentage of the aggregated operating costs. Although this method of taxation does not constitute State aid per se, its practical application may well give rise to State aid. With respect to the Belgian scheme, the Commission has concluded that the Belgian authorities apply the cost-plus method in a ...[+++] way that gives raise to State aid. Firstly, Belgium systematically uses a default mark-up rate of 8% without verifying whether this rate reflects the economic reality of the services provided by the Co-ordination Centres. Secondly, the way in which the expenditure of the Centre is calculated excludes significant operating cost items of the Centre. Thirdly, the Belgian Co-ordination Centres enjoyed additional tax advantages such as a withholding exemption on income distributions and a real-estate property tax exemption. The benefits reduce the amount of taxable profits and thus grants an advantage not justified under the EU State aid rules.