Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-04-04-Speech-3-187"

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"en.20010404.7.3-187"2
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"Question No 10 by Jonas Sjöstedt (): Article 56 of the EC Treaty reads: '1. Within the framework of the provisions set out in this Chapter, all restrictions on the movement of capital between Member States and between Member States and third countries shall be prohibited. 2. Within the framework of the provisions set out in this Chapter, all restrictions on payments between Member States and between Member States and third countries shall be prohibited.' The Commission replied ()that it was of the opinion that a tax of general application as originally conceived by Professor Tobin ('Tobin tax'), if introduced by a Member State, was likely to be contrary to Article 56, together with Articles 12, 39, 43, 49 and the corresponding articles of the EEA Agreement and that such a tax, if introduced at Community level, was also unlikely to be possible under Article 57(2) of the EC Treaty, since that article provided for restrictive measures only in a limited number of areas. Is the Council of the opinion that a tax on financial transactions, a 'Tobin tax', is compatible with Article 56 of the EC Treaty? Has any Member State proposed that the Treaty be amended to facilitate a 'Tobin tax'?"@en1
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"Subject: Tax on financial transactions versus Article 56"1

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