Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-363-765"
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"en.20120510.69.4-363-765"2
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"I supported the resolution on fraud in the EU. We need more rigorous fiscal policy in order to reduce the size of the EU’s shadow economy, which is currently estimated as one fifth of GDP. Europe must step up its efforts to provide transparency on public finances in order to combat fraud and corruption, thereby safeguarding public finances. Member States must lower their thresholds for compulsory non-cash payments. Documented electronic transactions make it harder to commit fraud. We need full implementation of the Irregularities Management System (IMS) by Member States to improve their compliance and speed in reporting irregularities. We must apply newly developed techniques to measure corruption and fraud in order to provide an accurate assessment of the extent of the misuse of EU funds and embezzlement of EU revenues. We must have proper collection of VAT and excise duties. Improved collection systems need to be of upmost priority for Member States, as fraud affects both the EU’s and Member States’ budgets. In this regard, I welcome the setting up of the EP’s special committee to deal with organised crime, corruption and money laundering within the EU."@en1
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