Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-225-250"
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"en.20121023.13.2-225-250"2
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"On 29 June 2011 the Commission presented its proposals for a new multiannual financial framework 2014-2020 jointly with a set of proposals on the reform of the Union’s own resources system. Those include a proposal for the VII Own Resources Decision (ORD), which calls for the abolition of the existing VAT own resource and its replacement by a new EU VAT resource. The draft regulation for making the VAT own resource available is necessary to define the method Member States should use to calculate this new resource as well as the procedures for its transfer into the EU budget. The new EU VAT own resource proposal represents undoubtedly an important improvement to the current system and has serious potential to develop into a stable and reliable genuine own resource for the Union’s budget. The VAT own resource should be part of a general reform of the own resources system, which should substantially decrease the overall level of national contributions by Member States."@en1
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