Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-22-Speech-1-998"
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"en.20101122.14.1-998"2
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"For most EU Member States and third countries with internationally interlinked markets, VAT (or sales tax) is one of the main sources of financing for the state. Sales tax is therefore at least as important as direct taxes. Maintaining a minimum standard rate of 15% for the next 5 years will aid competition in the internal market and will provide legal certainty for companies. With regard to the reduced VAT rates in the EU, in the case of reduced VAT rates on certain services, such as repairs, hairdressing or beauty treatment businesses, the Commission must also take care to avoid distortions of competition. Such forms of tax relief have a negative effect on Austrian small businesses, for example, which may not be able to stand up to competition from Slovakian or Hungarian service providers. The solution to this is as follows: YES to the targeted subsidising of SMEs, including by means of sales tax, BUT while avoiding distortions of competition between the Member States."@en1
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