Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-285-000"

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"en.20110308.22.2-285-000"2
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"Financial transactions account for a large proportion of the resources in the financial sector, and the various speculative operations on financial markets played a considerable role in the global financial crisis. It is surely not fair for taxpayers to bear the full burden of the financial crisis, as some of this burden should be transferred to the financial sector as well, so that it can share in the costs. The report focuses mainly on transactions that are highly risky and speculative, and it will therefore lead to greater responsibility in the financial sector through the future taxation of financial transactions, which will paradoxically lead to greater stability in the global financial sector. Another reason for introducing a tax on financial transactions is the fact that financial services are not subject to VAT in most Member States."@en1

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