Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-05-18-Speech-1-301-000"
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"en.20150518.19.1-301-000"2
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"Mr President, if our economies are to prosper and grow we must support small businesses and make sure that the market is fit for purpose in the digital age. The new rules for VAT collection in Europe do not do this. They might work for big businesses, but they have had a devastating impact on microbusinesses. Entrepreneurs have faced huge bureaucracy and costs just to collect taxes which sometimes add up to less than a euro.
A recent survey of 2 000 small companies suggested that a quarter of firms are now blocking overseas sales, and one in five has stopped selling altogether. That means they are not earning any money, and the authorities are not collecting any tax at all. We have promised to change the way the EU makes laws. We need to sort this out, and it needs to be done quickly. I think the easiest solution is an exemption, through a threshold, for micro entities, but that needs unanimous support from finance ministers. So ministers, do not wait; next year is too late. Our entrepreneurs need us now."@en1
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