Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-24-Speech-3-437"
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"en.20080924.35.3-437"2
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"Madam President, I would like to thank you for your comments and the valuable views you expressed during the debate. As I said in my opening remarks, obtaining a positive opinion by Parliament on the Commission’s proposal for VAT on insurance and financial services is very important. We have taken note of the concerns raised in the report, in particular the lack of neutrality in recovery rates, the difficulties with statistics and the risk of diversion of tax revenue from non-recoverable VAT on inputs.
While the Commission could in principle look favourably at some of the amendments, such as those on derivatives, we will not formally amend our proposal. We will, however, endeavour to take the amendments suggested by Parliament into consideration as much as possible during deliberations in the Council.
I would like to express my gratitude for your positive endorsement of our proposal. A positive opinion from Parliament will be a good signal serving to raise awareness on the part of the Member States of the need to act."@en1
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