Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-052-000"
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"en.20111013.3.4-052-000"2
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"An overhaul of the VAT system is urgent. The economic crisis, demographic changes, the survival of our social system, a return to growth and the completion of the internal market, these are the challenges necessitating a change in the current system. In fact, VAT revenue accounted for 21.4% of tax revenue in European Union Member States in 2008, in other words, more than EUR 860 billion. Our welfare state model relies heavily on this lever. What is more, VAT adjustments are tremendous tools for boosting economic sectors with a potential for growth. Lastly, it is essential to harmonise VAT rates in other sectors to a certain level so as to avoid distortions of competition and obstacles to the common market. I therefore welcome the proposals set out in this report inviting the Commission to simplify, adapt and improve harmonisation of VAT systems in Europe, thereby allowing a return to growth. Finally, I want to point out that the adoption of a reduced VAT rate for cultural goods and services distributed on physical media or on-line must become a reality to unleash their growth potential and ensure the distribution of a diversified and quality cultural creation."@en1
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