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20 years of Single Market
09 November 2012
Vincent Farrugia GRTU Director
General has this week participated at a conference in London in the framework
of the Single Market Week as panellist in representation of the EESC, of which
he is a member.In his intervention Mr Farrugia had
the opportunity to present the EESC Opinions related to the Digital Agenda and
eProcurment, the latter for which he was rapporteur.
These Opinions have been
published in the EU Official Journal. Mr Farrugia also spoke on the removal of
obstacles to the Single Market which are still several. The most common being:
published in the EU Official Journal. Mr Farrugia also spoke on the removal of
obstacles to the Single Market which are still several. The most common being:
Single European Transport Area: Ease
the movements of citizens and freight, reduce costs and enhance the sustainability of European transport.
Recovery of cross border debts:
Current fragmentation of national rules on enforcement severely hampers debt
collection within the EU.
Faster cross-border insolvency
proceedings: If companies and individuals with business activities or economic
interests in EU countries other than where their core activities are located
become insolvent, there may be direct implications on the proper functioning of
the internal market.
Double taxation: In the absence of
common corporate tax rules, the interaction of national tax systems often leads
to over-taxation and double taxation.
Cross border relief: Relief for
losses sustained by companies and groups is limited to the profits realised in
the Member State in which the investment was made, meaning that companies and
groups may have to pay tax on an amount in excess of their real results at EU
level.
Financial havens: Europe's internal
market, the well-being of the financial and commercial market and the sound
development of an economy that keeps to the common rules adopted in order to safeguard
the general interest must face up to the huge amounts of money salted away in
areas and countries of convenience.
Present for the conference was also
Lord Leon Brittan, ex Trade Minister in the time of Thatcher and European
Commissioner for Trade and European Commissioner for External Affairs.
