Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-02-Speech-1-030"
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"en.20010702.4.1-030"2
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"Madam President, 12 out of the 15 Member States of the European Union have introduced a resale right on the resale of works of art. One Member State has not applied it and three Member States have not yet had recourse to this mechanism.
Since existing legislation differs greatly, not just as regards its specific objective but also with regard to the rates applied and those entitled to receive royalties, this situation represented a gap in the internal market. The compromise reached by Parliament, the Council and the Commission seeks to bridge this gap and to bring an end to the distortion of competition from which the Community is currently suffering.
Furthermore, the resale right represents a fair return for artists or their successors, since it compensates for the fact that the laws of the art market dictate that a work of art usually only gains value over a period of time, whereas artists cannot wait for their twilight years to be able to live from their work.
Lastly, the resale right is a form of tax on financial speculation in the art world. It is a tax that the art market can easily bear, as is proven by the introduction of a special VAT system on works of art in Directive 94/5, a special system which has not prevented an increase in sales quite the opposite not even in Member States which did not operate a VAT system.
The rapporteur has said all that was necessary with regard to the compromise reached, which I personally supported. In this compromise, the European Parliament made two essential gains:
on the one hand, the threshold subject to resale right was brought down to EUR 3000, which is still quite high, but which could be brought down further if the Commission believes this is necessary. This becomes more acceptable insofar as a Member State resale right is maintained below the European threshold;
on the other hand, the refusal to have an extremely long deadline of 15 years; this was retained by the Council of Ministers in the text adopted after first reading and has now been brought down to a maximum of six years. This precedent would have been set at a particularly inopportune moment, at the very time when the Community is preparing for its enlargement to new members.
Given that the external art market is under no illusion as to the importance of the draft submitted today for the vote by Parliament, there is, therefore, no real reason to reject this draft text, and that is why our group will be voting for the motion."@en1
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