Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-039-000"

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"en.20111013.3.4-039-000"2
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"Madam President, value-added tax (VAT) is one of the most important sources of revenue for the EU Member States. In cross-border trade, however, there is great deal of tax evasion, and therefore it is proper to seek ways to improve the existing mechanisms for the recording, reporting and collection of VAT. Tax policy is the responsibility of the Member States, and therefore EU initiatives in this area are very limited. Nevertheless, in Mr Casa’s report, we can find several ideas as to how to improve the current rules. The system of VAT is built on broad foundations. According to the OECD definition, it may be a good basis for further coordinated improvement of mechanisms for cross-border transactions, accounts and collection. The efforts expended in reducing red tape could be a further benefit. Simplification of financial statements, a reduction in the frequency of submission of tax returns, as well as better utilisation of e-government or the introduction of European invoices using a language-neutral template, will certainly assist both the tax authorities and businesses. I believe that each simplification and streamlining of the system will contribute to the better collection of this tax."@en1
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