Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-985"

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"en.20100922.20.3-985"2
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"At the end of the year, when businesses do their accounts, their account balances tell an interesting story of work, sales, taxes paid and much more. They describe the point of departure one year before and the point of arrival twelve months later, yet they do not capture the path that has been taken from one point to the other, which is irrelevant for tax purposes, but absolutely fundamental for the very survival of the business. It is no trivial thing, in day to day management, to have an interim cash flow and accounts which will break even, but which temporarily remove liquidity. Above all, for businesses to recover effectively when the crisis, which we have all experienced, is over, it is not appropriate for them to have to pay value added tax in advance whilst they are unable to pay their employees and suppliers. Admittedly, this is the best way to fight tax evasion, as long as workers, who need to spend and keep money in circulation, are not penalised. Therefore, speeding up VAT refunds and simplifying procedures, as provided for in this report, are welcome."@en1

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