Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-082-000"

PredicateValue (sorted: default)
rdf:type
dcterms:Date
dcterms:Is Part Of
dcterms:Language
lpv:document identification number
"en.20120523.3.3-082-000"2
lpv:hasSubsequent
lpv:speaker
lpv:spokenAs
lpv:translated text
"Mr President, the financial crisis has caused a significant deterioration in public finances. The contribution made by the financial services sector to alleviate this deterioration is one of the commitments made at the G20 summit held in Pittsburgh in September 2009. Without that contribution, there will be no fair way out of the crisis: this is the ‘polluter pays’ principle. A tax of this nature should be part of an agenda for growth and employment in Europe. It has the potential to generate EUR 60 billion per year, which will help to stabilise public accounts, deter speculative investments and the excesses of the financial system, and promote investment in the real economy. From a broader perspective, taxes are the price of civilisation. All those who participate in and benefit from it should pay those taxes. The financial sector must also shoulder its fiscal responsibilities. The tax on financial transactions will correct the anomaly that, under current EU legislation, financial services are not subject to indirect taxation. This exemption only makes sense in order to avoid double taxation for transactions directly linked to the real economy, such as payment services or credit, but not for trading in purely financial products. We should now remove that privilege and prevent the tax burden from falling on the rest of the industry and on citizens who are not consumers of financial products and services. Since the resolution of March 2010, in the Guerrero report, which included one of my own amendments, this has been the European Parliament’s position, with the aim of establishing a real international tax that contributes to the Millennium Development Goals and overall development."@en1
lpv:videoURI

Named graphs describing this resource:

1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

The resource appears as object in 2 triples

Context graph