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 "Value Added Tax (VAT) is paid for by citizens, collected by businesses and accounts for over 20% of national revenues. It therefore has a significant impact on every single EU citizen. However, it is now 40 years since the EU VAT system was first set up, and the regime no longer fits with our service-driven, technology-based economy. The time has come for an ambitious VAT reform." said Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-fraud and Audit.

 

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 Why did you become an entrepreneur? I never liked working for other people then there was a friend who introduced me to the option of becoming self-employed

 

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The European Commission and the European Investment Bank Group launched a new guarantee facility for innovative small and medium-sized enterprises (SMEs) to help them access finance from banks. This builds on the success of the Risk-Sharing Finance Facility (RSFF), launched in 2007, that has so far helped 75 companies benefit from over €7 billion in EIB loans to projects enhancing European growth and competitiveness. The new risk-sharing instrument for SMEs will be managed by the European Investment Fund (EIF). In addition, the EIB and the European Commission are to provide extra resources for research infrastructures.

 

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EuroCommerce supports Commission initiative on Alternative Dispute Resolution but sees room for improvement  -  The European Commission proposals on ADR (Alternative Dispute Resolution) and ODR (Online Dispute Resolution) have been warmly welcomed by EuroCommerce. Director General, Christian Verschueren commented, "We are particularly pleased that the Commission is providing quality criteria to Member States in order to upgrade their existing ADR mechanisms or to create new ones where they do not already exist. Furthermore we appreciate that the Commission's ODR platform will serve as an interface and will refer cases back to national ADR entities, therefore avoiding new burdensome procedures.

 

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 Industrial installations, while being useful to society, can result in various environmental impacts, ranging from emissions to air or the marine environment to contamination resulting from accidents. For this reason, industry is regulated by the Environmental Protection Act and subsidiary legislation, including the following:

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