Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-05-18-Speech-1-277-000"

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"en.20150518.19.1-277-000"2
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"Mr President, the new rules on VAT, as other speakers have said, are obviously designed with positive intentions, but in fact if they are implemented as proposed they could have serious harmful and destructive effects on small businesses and sole traders. The Commission contends that the rules will introduce a level playing field, as they mean that sellers will not be in a position to undercut competitors unfairly by using a lower VAT rate. However, because there is no threshold, the real impact is that the smallest companies and sole traders are going to be left unable to compete and they are going to face the stark reality of having to close their businesses down in some instances. Moreover, it creates a divide between multinational companies, who can very easily put in place systems to comply with the new rules, and those small traders and small businesses that simply cannot do so. Small and medium enterprises, as you are well aware, Commissioner, are the lifeblood of many local domestic economies including my own, and they cannot be disregarded when we are introducing measures such as this."@en1
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