Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-12-01-Speech-3-202"

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"en.20041201.18.3-202"2
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"Mr President, the UK Independence Party objects to this directive in the strongest possible terms. This directive admits the principle that the European Union has the right to interfere in Member States' taxation policies, something that the British Government has always told the British people it will never allow to happen. Indeed, it interferes with the taxation policies of non-member STATES too, and this has been achieved by threats, coercion and bullying. Taxation policy should be the reserve of independent, sovereign states; any desirable end contained in this directive should be achieved by international agreements freely entered into by sovereign states. Tonight we are discussing Monaco and San Marino, but this directive will also affect some British overseas territories, namely the Cayman Islands, some other Caribbean islands and Gibraltar, territories that depend heavily on banking and financial services for their economic existence. In the great tradition of European legislation, this directive extends the power of the European Union whilst damaging the economic performance and viability of the victims of that legislation. In relation to the European Union, the British Government has acted true to form in its usual cowardly and treacherous manner. Just as it betrays its own people, it has betrayed its dependent peoples in order to fulfil its higher loyalty to the European Union. Looking on the bright side – who knows? – perhaps this directive may help in time to turn up some of the countless millions that have been embezzled from the European Union. Unfortunately, it is far more likely that those millions along with other perfectly legitimate millions will be subject to capital flight and will be reinvested outside the reach of the European Union. I would ask any MEP who values national sovereignty to vote against this directive."@en1
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