Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-01-18-Speech-3-181-000"
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"What I cannot understand – and I would like you to try and explain to me, and I wonder if you could help me with this – is that the people who are going to be paying this transaction tax are going to be those who have invested in pension funds. It is not going to be rich fat cats in the City, as you seem to think it will be; it will be ordinary people who have invested in pension funds. They will be penalised, and so this is not going to help any sort of social redistribution of wealth. This is just nonsense. You are going to be damaging the European Union as a financial concept. People will go elsewhere, to Britain or to the Far East, to do their financial transactions. Would you agree with me?"@en1
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