Traduction de «abbattimento fiscale » (Italien → Anglais) :

The Netherlands will put in place an Energy Investment Deduction, a tax rebate scheme for private companies, which can be applied to the purchase or production of energy efficient equipment and sustainable energy.

With regard to the tax deduction for newer ships (50 % for ships less than five years old and 25 % for those between five and ten years old), the Union Royale stresses that it is primarily intended to promote young fleets with safer and more environmentally friendly ships.

The measure involves the use of state resources in terms of tax revenues forgone by the Region of Sicily and corresponding to the reduced tax liability of the beneficiary.

The measure confers on the beneficiary an economic advantage resulting from the reduction in the effective tax burden, which translates into a financial advantage in terms of a reduced payment of tax from which the firms benefit immediately in the years when the reduction is applied.

Mr Juncker, your question expresses the fear that the removal of barriers to trade might result in tax dumping. In it, you also make reference to subsidies undermining the multilateral trade system.

As for the fourth and most complicated point – we must be aware that cheap goods are pouring into Europe, we are surrounded by cheap manufacturing countries and we must begin to think about how we can reduce taxes, of course without upsetting the macroeconomic balance, because much can be achieved, as our experience of reforms has shown, through the implementation of better tax administration. It is no surprise that many countries encounter problems with profit transfer and value added tax reduction, however there are many ways to administer taxes better and reduce the burden of taxation, as the experience of our countries shows.