Traduction de «Impôt frappant les transactions économiques » (Français → Anglais) :

DH. whereas deeper economic and budgetary integration will be undermined without closer coordination in the field of taxation; whereas the unanimity rule in the field of taxation hampers developments in this area, the instrument of enhanced cooperation should be used more frequently; whereas reference can be made to Parliament's position on the common consolidated corporate tax base (CCCTB) and the financial transactions tax (FTT); whereas in the field of taxation, convergence between the structures of tax systems and tax base in Member States is clearly needed; whereas harmful tax competition between Member States is clearly against ...[+++] the logic of the internal market and needs addressing;

– to take account of the new context of enhanced cooperation; this means in particular that the 'FTT jurisdiction' is limited to participating Member States, that transactions carried out within a participating Member State which would have been taxed under the original proposal remain taxable, and that it is ensured that Council Directive 2008/7/EC of 12 February 2008 concerning indirect taxes on the raising of capital[10], whose modification had been proposed in the initial proposal, remains unaffected;

The provisions of Council Directive 2008/7/EC of 12 February 2008 concerning indirect taxes on the raising of capital[14] continue to be in principle fully applicable. This entails for instance that the primary issue – as mentioned in Article 5(2) of Directive 2008/7/EC – of shares or other securities of the same type, or of certificates representing such securities, debentures – including government bonds – or other negotiable securities relating to loans is not subject to FTT in the EU.

The subsidies consist, inter alia, of the duty entitlement passbook scheme, the advance authorisation scheme, schemes conferring benefits to industries located in special economic zones/export oriented units, the export promotion capital goods scheme, pre-shipment and post-shipment export financing, loan guarantees from the Government of India, exemption of export credit from interest taxes, duty-free replenishment certificate scheme/duty-free imports authorisation scheme, duty drawback scheme, income tax incentive for research and development, focus product scheme and regional subsidies by the state of Maharashtra (inter alia, sales tax ...[+++]/trade tax incentive, electricity duty exemption, octroi refund, special capital incentive) and by the state of Gujarat (industrial incentive schemes).

(2) Whereas the objective of the Treaty is to establish an economic union within which there is healthy competition and whose characteristics are similar to those of a domestic market; and, as regards manufactured tobacco, achievement of this aim presupposes that the application in the Member States of taxes affecting the consumption of products in this sector does not distort conditions of competition and does not impede their free movement within the Community;

The Commission is convinced that a fully functioning Single Market requires: * in VAT, a system which is much simpler, more objective and more modern and which, applying the tax according to the origin principle, will treat intra-Community transactions as equivalent to domestic ones; * on excise duties, progress in approximating excise duty rates where this is justified by the freedom of movement for goods and the joint implementation of other Community policies in accordance with the consultation process introduced for these product categories; * in the personal tax area, non-discriminatory treatment of frontier workers and other non- ...[+++]resident taxpayers, the ending of double taxation and the elimination of tax disadvantages linked to cross-border financial transactions (insurance premiums, pensions, mortgage interest payments, etc.); * with regard to tax on cross-border income flows, reducing the discriminatory treatment of subsidiaries established in other Member States, abolishing double taxation on interest and royalty payments, and permitting parent companies to take into account the losses of subsidiaries in other Member States, while avoiding the risk for Member States of revenue losses. c. Promoting employment and completing EMU The need for action in the taxation field to promote employment, indicated by the White Paper on Growth, Competitiveness and Employment, has been restated by a number of European Councils.