Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-04-12-Speech-2-289-625"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20160412.27.2-289-625"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"The background to this report is that the European Parliament is being consulted on the extension of the current VAT regime, which expired on 31 December last year.
My party is opposed to minimum rates of tax rates being set by the EU as this fundamentally undermines a Members States national sovereignty.
A key point worth noting is that the VAT Action Plan is seeking to abandon the origin principle (taxation where goods and services are produced) and replace it with a destination principle (taxation where goods and services are consumed). For consumers, the destination principle favours national production over imports as imports would in principle become more expensive.
For export countries with a surplus on the current account balance, the origin principle is preferable. For deficit countries the destination principle is preferable.
Sinn Fein would have a number of concerns in relation to these proposals; however, there are other aspects of the action plan which we would be supportive of, such as Member States being provided with greater scope for VAT powers domestically, which seems to be one of the options on the table.
Therefore, on the basis of the action plan and the positive and negative provisions contained within the EP consultation report, I decided to abstain."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata |
Named graphs describing this resource:
The resource appears as object in 2 triples