Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-299-750"

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	"pt"^^xsd:language2
lpv:document identification number	"en.20120523.15.3-299-750"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-301-0002
lpv:speaker	lp:Paulo Rangel2
lpv:spokenAs	vice-chair; EPP (2009-11-25--2014-06-30)3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-30--2014-06-30)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3 member; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; AFCO (2012-01-19--2014-06-30)3 substitute; JURI (2012-01-19--2014-06-30)3
lpv:translated text	"At a time when EU citizens are facing significant tax rises, along with major cuts to wages and pensions, the financial system, which is, in part, responsible for the current crisis, remains largely exempt from taxation of its activities and transactions. Moreover, the severe financial difficulties that many of the Member States are experiencing prevent us from resolving future challenges such as financing growth and sustainable development. Fair taxation alternatives are therefore needed that do not punish citizens even more. According to Commission forecasts, the financial transaction tax could generate revenue of up to EUR 57 billion, allowing us to move from investment in speculative transactions to production that generates growth. However, when implementing this proposal, it is vital to take some precautions in order not to disproportionately undermine the European financial system, to prevent tax evasion, and to avoid passing the costs on to consumers and citizens. I voted for this report because I believe that the creation of this tax is justified."@en1

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