Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-279-500"

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
lpv:document identification number	"en.20120523.15.3-279-500"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-279-7502
lpv:speaker	lp:Pat the Cope Gallagher2
lpv:spokenAs	member; Conference of Delegation Chairs (2009-09-17--2014-06-30)3 member_of_the_bureau; ALDE (2009-07-20--2014-06-30)3 substitute; REGI (2012-01-19--2014-06-30)3 unknown; Fianna Fáil Party (2009-07-14--2014-06-30)3 chair; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-17--2014-06-30)3 member; PECH (2012-01-19--2014-06-30)3
lpv:translated text	"We voted against this report and against what is in it in relation to introducing a common taxation system for financial transactions. Even though there would be some advantages to introducing a tax on financial transactions in the EU – for example, the income that would be generated for the Union – it would not be a flawless system. It could be bank customers who would end up paying for it, and there could be an increase in costs for ordinary companies which are not involved in financial services but which use financial instruments. On top of that, if such a tax were introduced and if it were not applied worldwide – or even to all Member States of the EU27 – that could have an impact on the financial services sector, in Ireland in particular, and some activities or companies could be moved abroad as a result of it and there could be a significant loss of jobs. Until there is a plan for a universal tax on financial transactions, on a European or global level, a plan that would ensure that the cost would not be borne by the customers of public banks, such a tax could hinder the EU’s economic recovery and put a further burden on the members of the Union."@en1

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