BRATISLAVA, May 12, (WEBNOVINY) — The Slovak Parliamentary Committee for European Affairs issued its first ever negative stance toward a draft Council Directive, namely on the common consolidated corporate tax base (CCCTB). Committee chairman Ivan Stefanec (SDKU-DS) told SITA news agency that Slovakia has long been against the idea of harmonizing direct taxes at the EU level. Determining tax rates is exclusively the right of individual member states, he added.
Stefanec went on to say that the draft directive could negatively affect GDP growth and employment and reduce the overall well-being of a number of EU member states. He is not convinced that the draft directive would contribute to simplification and efficiency of tax systems in the EU, but would increase costs connected with introducing the new system of a common consolidated corporate tax base as well as potential administrative burden.
The committee head further pointed out that tax autonomy in the area of direct taxes together with an independent budgetary policy are considered the fundamentals of state sovereignty.
SITA