Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-14-Speech-1-109"

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"Mr President, the rapporteur claims that this initiative will encourage small and medium-sized enterprises to expand their cross-border business. But I have little doubt that it has been heavily promoted by the large multinationals, because it is they that stand to benefit most. In my country, in Britain, the vast majority of businesses are small, and they provide for some 70% of employment. Only a tiny proportion of these have any interest in foreign operations. But my main objection is that it is more meddling by the European Union in taxation matters. Judging by the EU’s record of value added tax, there will be endless changes to the law. We have had eight directives on VAT so far, and it is still a mess and prone to fraud. Businesses operate best when there are simple, well understood rules, as Mr Schmidt has just said. The EU knows how to do only one thing, and it does it to perfection. And that is to make things complicated. So, contrary to the views of other Members, a much better plan would be to encourage tax competition. Then those nations that have the lightest and simplest taxes will attract the most businesses."@en1

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