Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-377-234"
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"en.20120419.15.4-377-234"2
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"−
The resolution retraces the link between effective measures to stimulate growth and defining a clear and united EU strategy for halving tax evasion by 2020. Lost revenues caused by the underground economy has pernicious effects on the European economy and a negative impact on the amounts invested in growth and employment. By recovering these lost revenues (20% of public spending and some 105.8% of total health spending), governments could wipe out their public debt in eight or nine years. At the same time, they would be able to increase public investment, helping towards the achievement of the goals of the EU 2020 strategy. We therefore welcome EU-wide initiatives and strategies that will cut back bilateral agreements and bring an end to banking secrecy, accelerating the exchange of information. Combating tax evasion must become an absolute priority for the EU. So far, much has been said but little has been done; now is the time to take incisive action. Paying taxes is a basic civic duty and a matter of social justice that can generate the funds required for leaving the crisis behind and reviving the real economy, without once again heaping further burdens on workers and the most vulnerable sections of society."@en1
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