Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-02-07-Speech-4-016-000"
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"en.20130207.3.4-016-000"2
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"Mr President, let us look at VAT, shall we? What is it really? Well, of course it is a tax, so it is just a form of extortion by the State confiscating money from ordinary working people for the State to spend on itself. It is bureaucracy, politicians, subsidies for cronies and donors to party funds. The tax is regressive and monstrous – 20 % in the United Kingdom. It is inflationary, obviously, with 20 % on all goods. It is closing down retailers in the high street. Manufacturers are on three-day weeks. In the UK manufacturing has fallen 35 % in the last few years.
And what a silly tax it is. It is paid and reclaimed throughout the life of a transaction. It is not applied when value is added, whatever that may mean, but at the end so the customer pays it or simply withdraws his custom. So you get a recession. Notwithstanding the draconian powers given to VAT collectors, worthy of the old East German secret police – and I know some of you want to bring that back – fraud is rife. As criminals are always more clever than politicians – hey, what is the difference? – fraud will remain. If you really want to get rid of fraud, get rid of the tax."@en1
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