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European Parliament Calls for Tax Cuts Retailers

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BRUSSELS, Belgium – The European Action Plan for Retailers as adopted by the European Parliament is an appeal to the European Commission and member states to prioritize the interests of (smaller) retailers on the political agenda.

European Parliament Calls for Tax Cuts Retailers
The European Parliament points out the importance of the retail sector for the European economy.- Photo Bike Europe

The European Parliament points out the importance of the retail sector for the European economy. It accounts for 11% of Europe’s GDP and more than 15% of employment in Europe. The Action Plan emphasizes the social function of retail. In recent years many towns and villages in the EU member states saw in increase in vacant shops.

Disappearance of retail

Led by the Dutch Member of Parliament (MEP) Dennis de Jong of the European Socialists party, the initiators want to avoid the disappearance of (smaller) retailers in many European towns and cities. The Parliament claims that the European Commission did not pay enough attention to the difficult situation of the retail industry as a result of the economic crisis. In combination with the increase of online shopping it caused a drastic change in the retail landscape.

MEPs called upon the member states not to implement new regulations that might tarnish consumer confidence even further like an increase of VAT rates. The parliament also calls upon the standardization of product labeling and limit the difference in national regulations on product labeling.

“Boosting competitiveness of retail it is necessary to maintain save and attractive shopping areas and malls in order to create the right environment for the development of new shopping concepts like e-commerce and omni-channel,” says Margriet Keijzer of the Dutch branch of ‘Retail Europe’.

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