Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-293-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120523.15.3-293-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The players concerned must share effectively in the costs of the financial crisis, which amount to billions of euro, instead of continuing to make taxpayers bear the burden. Our citizens expect clear rules that will put speculators and profiteers in their place. A financial transaction tax (FTT) of 0.1% on shares and bonds, and 0.01% on derivatives, is likely to result in additional tax revenues of nearly EUR 60 billion. In the Special Committee on the Financial, Economic and Social Crisis, and now in the Committee on Economic and Monetary Affairs, we members of the Group of the European People’s Party (Christian Democrats) were vehemently in favour of the FTT by a large majority. It goes without saying that it should not affect pension funds or company old-age provision. It should definitely also apply in non-euro Member States – and ideally globally. In response to the concern that more financial transactions would be shifted to Asia or to tax havens, I would counter that corporate financing is also available via loans and other products; more than 90% is neither listed on a stock exchange, nor hedged using securities. It is worth considering the idea put forward by finance minister Wolfgang Schäuble, which was to introduce a ‘stamp duty plus’ as a compromise, in order to restrict high-frequency trading and to impose duty on derivatives. Despite some concerns, I feel it is essential that the FTT be introduced – as an important basis for investments that promote growth, and as a clear signal for the necessary fight against exploitation."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples