Deductible expenses shall include all costs of sales and expenses net of deductible value added tax incurred by the taxpayer with a view to obtaining or securing income, including costs of research and development and costs incurred in raising equity or debt for the purposes of the business.

13. Considers it advisable, while respecting the EU's rights and duty to control entry across its own borders, for the European institutions and the Member States to develop, in the context of the common visa policy, a long-term strategy for more coordinated and simplified visa procedures, with consideration given to establishing common consular desks/centres at EU level to ensure that visa procedures are implemented on time and bureaucratic costs reduced; to this end, further to the creation of the European Ext ...[+++]ernal Action Service (EEAS), calls on the Commission to consider the possibility of deploying the EU delegation offices in the world in order to issue tourist visas in collaboration with the national embassies of the Member States and to explore additional ways of simplifying the issue of tourist visas, such as ‘group tourist visas’ for organised groups and easier access for business travellers;

13.Considers it advisable, while respecting the EU’s rights and duty to control entry across its own borders, for the European institutions and the Member States to develop, in the context of the common visa policy, a long-term strategy for more coordinated and simplified visa procedures, with consideration given to establishing common consular desks/centres at EU level to ensure that visa procedures are implemented on time and bureaucratic costs reduced; to this end, further to the creation of the European Ext ...[+++]ernal Action Service (EEAS), calls on the Commission to consider the possibility of deploying the EU delegation offices in the world in order to issue tourist visas in collaboration with the national embassies of the Member States and to explore additional ways of simplifying the issue of tourist visas, such as ‘group tourist visas’ for organised groups and easier access for business travellers;

13. Supports the development of local food networks and direct producer-to-consumer sale, in order to help decouple food prices from rising fossil fuel prices affecting the long distance transport of food; believes that more sustainable and local farming practices will also reduce the input costs of fertiliser and feed; calls on the Commission to propose within the WTO an initiative to evaluate commodity price stabilisation and other supply management tools; calls on the EIB to investigate possibilities for the immediate set-up of a guarantee fund in support of national micro-credit schemes and risk-hedging schemes that operate close ...[+++]to the needs of local food producers, especially in poorer developing countries;