Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-271"
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"en.20101123.33.2-271"2
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"The report extends the transitional system introduced by Council Directive 92/77/EEC, which introduced a minimum rate of VAT, establishing that the standard rate could not be lower than 15%.
It is now common practice to set minimum rates because we have not yet achieved a permanent tax harmonisation system in the Union for indirect taxation. As far as VAT is concerned, this allows us to prevent the increasingly sharp differences between the standard rates applied in Member States from causing structural imbalances and distortions of competition. The deviation between standard rates applied currently ranges between 15% and 25% and is sufficient to guarantee the correct operation of the internal market.
The postponement will make it possible to give companies the necessary legal certainty but also to carry out further evaluations with regard to a satisfactory level of standard VAT rates throughout the EU. The Commission is also called on to publish a Green Paper on a new VAT strategy as quickly as possible and to start consultation on future tax harmonisation. I voted in favour, in the expectation of a tax harmonisation system that will lead to a single VAT rate throughout the Union."@en1
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