Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-07-Speech-2-057"

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"Mr Barroso, the cost of ending the crisis should be divided fairly and an end to the crisis cannot be sought unilaterally by making cuts which will inevitably push up unemployment in certain Member States (thereby benefiting the economies of certain other Member States). On the contrary, what we need is equitable development which, in a period of public spending cuts, means finding new investment funds. In order to achieve the above objectives in full, the European Union should promote two very specific policies, both between the Member States and internationally at the next G20 summit, and should do so, at long last, with conviction and strength. Firstly, it must take decisive action against tax havens. At a time when workers and pensioners in our countries are suffering difficult cuts, it is unacceptable for a few private individuals and businesses to remove at least EUR 1 trillion from our economies through this form of ‘legal’ tax evasion. Secondly, we need a tax on credit transactions so that those who got us into the crisis ultimately pay their share. A 0.05% tax globally would bring in over EUR 400 billion a year in vital revenue needed for sustainable growth and employment in the Member States."@en1
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"en.20100907.4.2-057"2
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