Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-08-Speech-4-147"

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"− I and my Labour colleagues strongly support the commitment made by the G20 to work on a financial transaction tax. Following the costs incurred by taxpayers during the crisis, it is essential that we ensure the financial sector contributes fully and fairly to an improvement in public finances. The Tobin tax is one model of a financial transaction tax which has been proposed. We did not support Amendment 8 as we must consider all options rather than commit specifically to a ‘Tobin-style’ tax. Furthermore, the amendment suggests that a unilateral European form of such a tax should be considered. The financial services industry is a global industry and our efforts must remain on securing a transaction tax that is effective and workable on a global level."@en1
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