Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-051-000"
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"en.20111013.3.4-051-000"2
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"As the author of the report on the single market, I fully support what the resolution states to be the effect of value-added tax (VAT) on the European single market. It is one of the preconditions for attracting investment, although one must admit that it is certainly not the most important precondition. In the last few years, several Member States have been forced to increase VAT in order to balance budget expenditures and cope with the challenges arising from the crisis. In Latvia, for example, VAT has been increased from 18% to 22%. I support the issues already examined in the Green Paper, including the important questions of tax neutrality and the degree of harmonisation essential in the single market. VAT is a tax on end-consumption. I therefore agree that the administrative burden associated with VAT should not be borne by businesses. The report also touches on the important aspect of the efficiency of VAT collection. Although VAT is one of the taxes that is most easily collectible, schemes for VAT fraud continue to be rife in EU Member States. The black economy is like a cancer eating away at public finances. Nevertheless, we must do all we can to encourage people to pay tax."@en1
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