Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-04-Speech-4-139"

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"en.20081204.20.4-139"2
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"Madam President, the GarcĂ­a-Margallo report is a report which I can approve because we are all engaged in trying to prevent tax evasion, which is important, and particularly tax evasion in relation to VAT. The black economy, which exists in all our countries, is something which is disadvantageous to the taxpayer and something which we should all be concerned about, because it means that the taxpayer loses out. But I would like to add a rider to that by saying that it is absolutely essential that individual nation states should have the right to determine their own rate of VAT. That is not a matter for the European Union. In Britain, the Chancellor of the Exchequer has recently reduced the VAT rate in an endeavour to combat the recession. I do not think it is a very effective measure and I do not think it will make any difference, but his right to do so for an individual country is important. That is the rider I wish to make in relation to this report."@en1
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