Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-03-Speech-3-188"

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"en.20031203.15.3-188"2
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"Mr President, a three-year experiment for the application of reduced rates of VAT on labour-intensive services is short, too short, in my view, and certainly too short if we factor in the economic climate that has seen more downward than upward movement over the past three years. You too, Commissioner, know that in those circumstances, it is difficult to establish the longer-term effect of reduced VAT on employment. Added to this is the fact that we are bombarding each other with various research reports that make conflicting claims about the impact on employment. In short, it is high time that the Commission adopted the Council’s unanimous verdict and continued the experiment. Mr Bolkestein, surely you will have to agree with me that in times of virtual economic stagnation it is unwise to increase VAT?"@en1

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