Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-274"

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"en.20101123.33.2-274"2
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"The European Commission’s proposal provides for a five-year extension of the current requirement for EU Member States to have a minimum standard value added tax (VAT) rate of 15% until 15 December 2015. The idea is to maintain the harmonised fiscal structure, with two obligatory rates of VAT and harmonisation within a 10% band: in other words, between 15% and 25%. The Member States undertake to avoid extending the current span above the current lowest standard rate applied by them. I agree with the rapporteur that, with its increasing complexity, the current VAT system is not keeping pace with the development of the internal market. I also hope that in the future, the European Commission will analyse not just this issue of the standard rate of VAT but also the general subject of revising the current system, including its scope and derogations, and that it will commit to drawing up a new strategy for this tax. I voted for the report for the reasons given above."@en1

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

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