Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-166-000"
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"en.20111013.19.4-166-000"2
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"Value-added tax constitutes a major source of revenue for the national budgets of the Member States, although the legislation adopted at European level and applied at national level suffers from numerous shortcomings which do not make it fully efficient and compatible with the requirements of a true single market.
With regard to the treatment of cross-border supplies, we share the assessment of the Commission, some Member States and many VAT practitioners and stakeholders that the country of origin principle, to which Member States had committed themselves, and which has been supported in the past by both the Commission and by us, is not realisable, primarily due to a lack of political support among Member States. We therefore support the Commission’s initiative to recognise the status quo and move towards a destination principle. A VAT system based on the place of establishment of the customer, for both goods and services, appears to be a promising route, but this needs to be accompanied by the introduction of well-functioning one-stop shops by Member States, in order to avoid multiple VAT registrations, increased compliance costs and negative cash flow effects for businesses operating internationally."@en1
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