Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-12-01-Speech-4-131"

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"en.20051201.30.4-131"2
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". Since October 1992, and following three extensions (until the end of 2005), the Council has retained a minimum standard rate of VAT in the EU of 15%. The purpose of this Commission proposal is to further extend this rate until 31 December 2010, and this is something which we endorse. The original idea behind establishing a minimum rate was to create a band with a maximum rate that would be harmonised to a single rate of VAT throughout the Community. Although no Member State has a rate below 15% or above 25%, the establishment of this band would affect the tax sovereignty of the Member States and their financing options under the Community budget. The report also contains an issue that has reared its head yet again and led us to vote against. Attempts are subtly being made to speed up debate on VAT harmonisation, which would undermine other flexible elements of the current arrangements, such as reduced rates of VAT in line with the different social and cultural needs of individual Member States. This lends further weight to our decision to vote against."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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