Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-295-250"

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"en.20120523.15.3-295-250"2
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"While this report contains an idea that historically belongs to the left – taxing speculative movements of capital – this EU proposal has more drawbacks than benefits. For more than a decade, we in the party have supported the Tobin tax proposal, which consisted of an international-level tax on financial transactions, the revenue from which should be spent on international cooperation and combating poverty in the developing world. Unfortunately, what the European Commission is proposing is a far cry from that. The allocation of the funds raised is left entirely open. It fails to guarantee that they will be spent on international cooperation and, what is more, the Members of the European Parliament have voted against the proposal tabled by the Confederal Group of the European United Left – Nordic Green Left to earmark part of the revenue for social cohesion, protecting public services and creating employment. I have always considered it vital to create a tax on flows of capital as a fundamental instrument for combating financial speculation. However, I also believe that this tax should be accompanied by other clear measures such as the removal of tax havens. Furthermore, this tax should be introduced at international level. For these reasons, I abstained from voting."@en1

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