Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-897"

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"en.20101123.33.2-897"2
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"We should remember that the current VAT system, with its increasing complexity, and not only in terms of rates, is not keeping pace with the development of the internal market. This puts European businesses, especially small and medium-sized enterprises (SMEs), at a disadvantage. Furthermore, as Parliament has pointed out in the past, the VAT system, as currently designed and implemented by the Member States, has weaknesses that fraudsters use to their advantage, costing billions of euro in tax revenue. The focus of the new VAT strategy should therefore be to reform the VAT rules in a manner that actively promotes the objectives of the internal market. The new VAT strategy should aim to reduce administrative burdens, removing tax obstacles and improving the business environment, particularly for SMEs and labour-intensive enterprises, whilst ensuring the robustness of the system against fraud."@en1

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