Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-167-812"

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"en.20111013.19.4-167-812"2
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"The system of value-added tax (VAT) covers the entire EU. Indeed, as it is a tax on consumption and as the EU is characterised by the free movement of goods, services and businesses, there is a need for an EU-level approach, minor national variations notwithstanding. As such, the Commission has proposed applying the destination principle; that is, applying – wherever there are differences – the rules of the purchaser’s location. However, the overriding concern is to reduce inefficiencies in the administrative machine, for example, by reducing the frequency of the periodic VAT returns, or by simplifying the evidence required for exempting exports from VAT. Finally, it is also important to find means of collection suited to improving the efficiency of the system and reducing fraud. The future of VAT that we are attempting to design here must involve two things: simplicity and efficiency. I voted in favour for these reasons."@en1

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