Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-04-Speech-4-108"

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"en.20031204.6.4-108"2
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". I agree with our rapporteur in that I do not believe that it is relevant to harmonise VAT rates without first having improved the whole of the economic and fiscal system of the Member States. In the difficult economic and social period that we are going through, at least some degree of flexibility is required, given the economic system advocated by the Commission and the absolute need to respect the Maastricht criteria. Each State should have the full range of economic, financial and monetary instruments in order to act in the most appropriate manner. Direct and indirect taxation are among these instruments, which it must be able to use as it pleases because each economy remains distinctive, even if it forms an integral part of a globalised system. Since the problems are not necessarily the same for each State, then the solutions should be allowed to differ. It was for all of these reasons that I and the colleagues from my group called, on behalf of France, for an extension of reduced rates of VAT in Annex H, in particular for the catering, housing and recorded music services."@en1

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