Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-19-Speech-4-042"

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"en.20090219.3.4-042"2
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"In July 2008, the European Commission adopted a proposal on applying reduced VAT rates after 2010. The sectors targeted in particular by this measure are labour-intensive services and locally provided services for local consumers such as services linked to the housing sector and the renovation of residential heating systems, as well as services linked to personal care and the catering industry. The proposal is also part of the Small Business Act initiative which aims to stimulate activity in the more than 23 million small- and medium-sized enterprises in the EU with a view to developing the economy and creating new jobs. I support this report because carefully targeted VAT rate reductions offer specific benefits such as a means of creating a tax system which promotes jobs, increases productivity and reduces the black economy, especially in the current financial crisis. I call on the Commission to closely monitor the application of these reduced VAT rates in Member States in order to ensure the smooth functioning of the internal market. I congratulate the rapporteur."@en1

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