Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-167-875"
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"en.20111013.19.4-167-875"2
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"I congratulate Mr Casa on his excellent work. The text that has been adopted is the European Parliament’s response to the Commission’s Green Paper on the future of VAT, published in December 2010, and is a contribution to the drafting of the future European strategy on the future of VAT, which is expected for the end of this year. The main objective of this report is to strike a balance between maintaining VAT revenues at the levels necessary to provide a major source of income, and ensuring that those revenues do not stifle entrepreneurial activities. This could be achieved, first and foremost, by combating fraud (which currently costs the European Union EUR 100 billion in lost revenue) and reducing the plethora of different exemptions and rates. Furthermore, the intelligent development of new VAT systems at EU level would make life easier for honest entrepreneurs and would help non-profit making organisations in the supply of goods and services. In line with this text, I call on the Commission and the Member States to consider introducing a Europe-wide VAT exemption threshold for SMEs, with a view to cutting red tape and costs and facilitating access to the internal market."@en1
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