Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-278-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-05-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20120523.15.3-278-250"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-278-3752
lpv:speaker	lp:Göran Färm, Anna Hedh, Olle Ludvigsson, Jens Nilsson, Marita Ulvskog and Åsa Westlund (S&D )2
lpv:translated text	"The financial sector pays too little tax. It has a tax advantage because it is exempt from VAT. According to the European Commission, this amounts to between 0.11% and 0.17% of GDP. The result is an uneven distribution of resources. The risk capital which should end up in other sectors is instead used by financial companies in a way which is less beneficial to society. There are still many question marks over this tax, but it is reasonable to regard it as one of the alternatives which should be included in the ongoing debate on how the undertaxation of the financial sector can be rectified. If a transaction tax has to be introduced, this must happen at a global level. We should not dismiss the possibility of the EU taking the lead, but in this case, any move of this kind should be seen primarily as a step on the road towards a global tax. What we are voting on today is not an EU tax, but a framework for a transaction tax where the authority to levy the tax lies wholly with the Member States. We are opposed to moving the authority to levy taxes to an EU level. Today’s vote has essentially been about the transaction tax itself and not about how the national revenue from it must be used. The revenue considerations are being dealt with separately in other political processes."@en1

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