Laszlo Kovacs, nominated to be the new European Union Taxation Commissioner, said on Tuesday he does not plan to propose legislation to harmonise corporate tax rates in the 25-nation bloc.
"For the time being I don't see any community action on corporate tax rates. This should be let to the decision of each member state," Kovacs told a confirmation hearing in the European Parliament.
Kovacs, a former Hungarian foreign minister, failed to win approval at a previous hearing as energy commissioner, prompting Commission President Jose Manuel Durao Barroso to move him to a different portfolio when he dropped Italy's controversial nominee Rocco Buttiglione and Latvia's Ingrida Udre.
Source: Reuters
16.11.2004