Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-265"

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"en.20101123.33.2-265"2
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"I share the rapporteur’s concern that the Commission should examine not just the specific issue of the standard rate and other rates of value added tax (VAT), but also the broader issue of a new VAT strategy, including its scope and derogations. Given the increasing complexity in terms of rates, the VAT system is not keeping pace with the development of the internal market, putting businesses at a disadvantage, particularly small and medium-sized enterprises. It should be recalled that Parliament has warned the Commission that the VAT system, as currently devised and implemented by the Member States, has weak points that are exploited by fraudsters, resulting in tax losses of billions of euro. I welcome the Commission’s intention to launch a Green Paper on revising the VAT system with the goal of creating an environment that is more favourable to business, and a system that is simpler and more robust for the Member States."@en1

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