Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-12-01-Speech-4-027"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2005-12-01"^^xsd:date2
dcterms:Is Part Of	lp_eu:Common system of VAT - VAT refunds - VAT applied to highly labour-intensive services2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20051201.3.4-027"2
lpv:hasSubsequent	lp_eu:2005-12-01-Speech-4-0282
lpv:speaker	lp:Paolo Costa2
lpv:spokenAs	substitute; Delegation for relations with Mercosur (2004-09-15--2007-03-13)3 unknown; La Margherita (2005-02-18--2008-02-06)3 substitute; PECH (2004-07-22--2007-01-14)3 member_of_the_bureau; ALDE (2004-07-20--2009-07-13)3 member; Conference of Committee Chairs (2004-07-28--2007-01-15)3 member; Delegation for relations with the countries of South Asia and the South Asia Association for Regional Cooperation (SAARC) (2004-09-15--2007-03-13)3 substitute; IMCO (2004-07-22--2007-01-14)3 chair; TRAN (2004-07-22--2007-01-14)3 member; Delegation to the Euro-Mediterranean Parliamentary Assembly (2004-09-15--2009-07-13)3
lpv:translated text	"Mr President, Commissioner, ladies and gentlemen, I add my voice to those of my fellow Members, at the risk of repeating the same arguments and opinions. The experiment of reduced VAT rates has been carried out in some Member States, but unfortunately for all of those countries, it has been carried out at a time when the European economy has not been particularly impressive, especially in many of the largest Member States. In labour-intensive sectors, this experiment has, in fact, made an even greater contribution than could have been envisaged, in so far as it has sustained significant employment levels. Among other things, another argument in favour of continuing this experiment is the fact that Europe’s overall economic situation is changing slightly, if only very weakly at the moment, meaning that an end to the experiment would have disastrous effects. Secondly, the experiment has been positive inasmuch as it has brought about changes of an all but structural nature in some countries in the space of six years. In my country, Italy, for instance, the experiment of reduced VAT rates has coincided with a measure providing incentives for building renovation via income tax – something that has met with enormous success. It is a genuine success because it has both enabled a large part of Italy’s building heritage to be renovated quickly and improved the country’s economic and financial situation. From a financial point of view, the ‘income tax-reduced VAT’ formula has exposed an enormous amount of undeclared work – which can be taxed for the benefit of the country itself – whereas, from an economic point of view, this formula has probably been the most important ingredient in sustaining the country’s overall demand at a time when, in Italy, consumption is slack, productive investment is down and exports are falling. Among the very many thoughts expressed, I add my own two in favour of the experiment. I therefore hope that, with the support of the Commission too, the Council will at last listen to the voice of the European Parliament."@en1

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