THE SOCIAL DEMOCRATIC PARTY says the European Union should make a majority decision to combat harmful tax competition and aggressive tax planning.
“Co-operation is the key for building a strong and stable union. It is also true that certain reforms can only be put forward by a majority. One good example of this is intervening in tax evasion,” states Antton Rönnholm, the party secretary of the Social Democrats and a candidate in the elections to the European Parliament.
“It is in Finland’s interest that the EU makes a majority decision to combat harmful tax competition and aggressive tax planning. Otherwise, tax havens could torpedo reforms that benefit everyone.”
Rönnholm emphasised that the middle class can no longer be expected to cover the cost of such practices, which are deteriorating the funding base needed to provide key services and promote well-being.
“We need tougher measures to intervene in interest arrangements and country-specific public tax reporting. Finland alone cannot change the course, but it needs partners in other EU countries,” he said.
The Social Democratic Party published its programme for the upcoming elections on Monday, 6 May.
The Economic and Monetary Union (EMU), it estimated, remains a major opportunity, but it must be developed in a direction that enables it to respond to possible future crises more effectively.
“If the better co-ordination of economic policies between member states and the finalisation of the banking union are insufficient measures to maintain stability in the eurozone, the Social Democrats could support exploring the possibility of introducing different cyclical stability mechanisms. The possible stability fund must not become a permanent income transfer system,” it stressed.
The Social Democrats viewed that finalising the banking union is critical for ensuring taxpayers are not responsible for bailing out collapsing banks.
Antti Rinne, the chairperson of the Social Democrats, added that Finland's place remains on the frontlines of the EU.
“We want all Europeans to be able to be proud of their home country and the entire continent that carries its responsibilities and provides cohesive leadership to the whole world. The Social Democrats is committed to international co-operation and developing the union. For it is our habit to fix, not to break,” he stated.
Aleksi Teivainen – HT
Source: Uusi Suomi