Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-112-000"
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"en.20120523.5.3-112-000"2
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"This debate in the European Parliament is extremely significant, since we are talking about an annual amount exceeding EUR 50 billion which would supplement the EU’s budget. This would allow for a gradual reduction of the burden on national budgets. It is worth emphasising the fact that a financial transaction tax meets most of the criteria laid down by Parliament for a source of own resources, among others, sufficient revenues, stability, visibility and simplicity, low operating costs and efficient allocation of resources. I therefore believe that amounts generated through this tax should be treated wholly or at least to a significant extent as own resources. This would require the introduction of this tax in all Member States and effective coordination mechanisms."@en1
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