Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-12-14-Speech-4-071"
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"en.20001214.1.4-071"2
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"For reasons of principle as well as for practical reasons, I felt bound to vote against the amendments to the text proposed by the Commission.
The smooth functioning of economic and monetary union does not necessarily require the harmonisation of VAT rates. In the United States, a perfect example of economic and monetary union, there are considerable differences in taxation between the various states.
In practice, Amendments Nos 2 and 3 will have the effect of harmonising VAT rates upwards. We have only talked about the length of time during which the minimum standard rate is to be applied. The maximum rate has not even been mentioned.
In the interest of price stability and in the interest of protecting the consumer’s buying power, we must take a step in the other direction: in other words, a minimum rate of 15% should be maintained for an indefinite period of time, matched by a voluntary and gradual reduction of the higher rates."@en1
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