Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-223-250"
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"en.20121023.13.2-223-250"2
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"The proposals for a new multiannual financial framework (MFF) 2014-2020 contain a set of proposals for reforming the Union’s own resources. They include a proposal for the seventh Decision regarding own resources, the abolition of the present own resources based on VAT and its replacement with a new source based on VAT. Within the present MFF, regarding own resources based on VAT, a 0.30 % uniform rate can be applied to the harmonised basis of assessment for transactions for VAT in each Member State. The taxed basis of the VAT is frozen at 50 % of the gross national income in every country to prevent less wealthy Member States from paying disproportionate sums, since VAT represents a larger percentage of the internal revenue in countries with reduced income. This proposal is a major improvement on the present system and could become a stable and viable source for the EU budget."@en1
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