Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-19-Speech-4-041"

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"en.20090219.3.4-041"2
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"At a time when Europe is faced with a major economic crisis, adopting this report will make it possible to revitalise the services sector by asking Member States to accept a reduced rate of VAT of 5% on labour-intensive services and locally supplied services. This would affect the catering trade, home-care services and hairdressing salons. Exemptions from VAT need to be harmonised because there are currently 11 Member States that are entitled to derogations and apply reduced rates for the catering trade for example. A reduced VAT rate will benefit employment levels and will help in the struggle against the hidden economy as well as stimulating local demand. In my opinion, we should go further still and also consider a reduced rate for cultural products such as CDs or videos, as well as environmentally-friendly products such as green cars or energy efficient buildings. The reduced VAT rate for some sectors will help to boost SME activity, while encouraging the establishment of an economy that is more environmentally friendly."@en1

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