Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-24-Speech-3-251"
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"en.20071024.36.3-251"2
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"So far the Member States have only succeeded in reaching an agreement on the consolidation of indirect taxation – excise duty and VAT, determination of the minimum rate, the application of numerous VAT exemptions. I doubt that a minimum excise duty rate – for fuel, for example – would increase economic competitiveness. It is more likely to result in increased prices and reduced consumption, particularly in view of the global increase in prices. The proposed coordination of excise duties would constitute an unbearable burden to new Member States.
The proposed consolidation of tax bases at EU level would have been more appropriate for the economies of the 15 old Member States, as they have similar development levels. This proposal is a step towards the consolidation of tax on profits. The greatest burden would fall on the weaker economies of the new Member States. This would lead to a loss of opportunity for them to benefit from tax competition as well as accelerate their economic growth. It would deprive them of the chance to raise their standard of living to match that of the old Member States.
I voted against the report, as it was ill-timed, in spite of the amendments."@en1
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