Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-298-000"
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"en.20110308.22.2-298-000"2
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"In voting for this report, Euro MPs are responding to the public’s call for fair taxation of the financial sector. The financial sector is largely exempt from VAT and is under-taxed, while ordinary citizens have faced the costs of the financial crisis, including contributing EUR 9 500 in government support from every man, woman and child in the EU. In this vote, MEPs have backed the hundreds of thousands of campaigners who are actively working for a Robin Hood Tax – a tiny tax on financial transactions that can raise billions to meet priorities at home and our commitments to fighting poverty and climate change internationally.
Global agreement would be the best way to introduce such a tax, but the UK’s stamp duty on shares demonstrates it is possible to introduce a successful, well-designed financial transaction tax (FTT) without undermining competitiveness. An EU-wide coordinated FTT would be the first step towards a global FTT. It is time for action and the EU can lead this campaign for global fairer taxation."@en1
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