Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-891"

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"en.20101123.33.2-891"2
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"I believe that in the new VAT strategy, particular attention should be paid to the reform of VAT rules, in keeping with principles that actively promote attainment of the objectives of the internal market. As the rapporteur points out, the current VAT system, with its increased complexity, not just in terms of rates, is not keeping pace with the development of the internal market. In January 2009, the VAT rate in Lithuania increased from 18-19%, and to 21% in September. It is important that future changes do not dent foreign investor interest in Lithuania. We must propose favourable tax planning opportunities. According to the new VAT strategy, we should aim to reduce the administrative burden, remove tax obstacles and improve the business environment, especially for small and medium-sized enterprises. Prior to adopting a final decision, the Commission should fully consult public and private sectors. VAT rates should be discussed during these consultations, as well as broader issues, such as the goal of setting a maximum rate and VAT structure and operational framework alternatives. Therefore, I look forward to the Commission’s Green Paper on the review of the VAT system."@en1

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