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Single Market Act

  • 28-10-2010 11:37pm
    #1
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭


    The Commission has published its suggestions for a Single Market Act:

    http://ec.europa.eu/internal_market/smact/docs/single-market-act_en.pdf

    Various proposals of interest - single EU patent, copyright system, intellectual property, e-commerce, SME access to capital markets....and, yes, CCCTB.

    Worth reading, because if any great number of these proposals are taken up, it will represent a very significant change to the single market.

    cordially,
    Scofflaw


Comments

  • #2
    rumour
    Closed Accounts Posts: 836 ✭✭✭rumour


    Scofflaw wrote: »
    ....and, yes, CCCTB.

    Worth reading, because if any great number of these proposals are taken up, it will represent a very significant change to the single market.

    cordially,
    Scofflaw

    Thanks, i note:

    The initiatives to be put forward by the Commission will not have the objective of harmonising corporate tax rates.

    Well now its on the agenda, how long before it just becomes an imperative to have it harmonised. Not that it matters to poor old ireland, our vote in any of this counts for diddly squat as far as i can recall.

    Could you explain the process from here. These are proposals, what happens next?


  • #3
    FreudianSlippers
    Registered Users, Registered Users 2 Posts: 20,397 ✭✭✭✭FreudianSlippers


    5 years ago I would have been greatly opposed to a Single Market Act, but now I'm thinking it may be beneficial to us.

    The main issue we'd have is the possibility of corporation taxes being raised and companies not wanting to be here.
    But I'm not sure they'd all leave tbh. We have a highly educated, young workforce who speak English. We have a lot to offer multinational companies and we can offer other tax incentives other than just low rates.

    Since this doesn't have effect on corporate tax rates, I say we go for it.


  • #4
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭Scofflaw


    rumour wrote: »
    Thanks, i note:

    The initiatives to be put forward by the Commission will not have the objective of harmonising corporate tax rates.

    Well now its on the agenda, how long before it just becomes an imperative to have it harmonised. Not that it matters to poor old ireland, our vote in any of this counts for diddly squat as far as i can recall.

    Could you explain the process from here. These are proposals, what happens next?

    In the case of corporate tax rates, nothing, because there is no EU competence. In the case of the other proposals, they'll be debated in the Commission, and between the Commission, Council, and Parliament. Those proposals that the other institutions are interested in seeing more of will turn into properly drafted Commission proposals - a Commission working group will take them through all the usual stages like public consultation, consultation with the various permanent representations of the Member States, consultation with the social partners, forwarding as drafts to the national parliaments for comments/rejection (since Lisbon), and eventually being put to the Council and Parliament for amendment/rejection.

    cordially,
    Scofflaw


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