Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-227-500"

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"en.20121023.13.2-227-500"2
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"In favour. The draft regulation on the procedure for making the VAT own resource available is necessary to define the method Member States should use to calculate this new resource as well as the procedures for its transfer into the EU budget. At its inception in 1970, the VAT-based own resource was designed as a potentially genuine own resource, under the assumption that a continuous process of harmonisation of national VAT legislation would eventually render the national VAT assessment bases fully harmonised. However, it has gradually been transformed into a complex and opaque statistical device that actually represents another form of GNI-based contribution and is transferred from national budgets. The VAT-based own resource represents 11.2 % of revenue in the 2011 budget. On 29 June 2011 the Commission presented its proposals for a new multiannual financial framework 2014 - 2020 jointly with a set of proposals on the reform of the Union’s own-resources system."@en1
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