Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-302-500"
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"en.20120523.15.3-302-500"2
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"I voted for this provision because I believe that introducing a common system of tax on transactions will make it possible for the financial sector, too, to make a concrete contribution to the costs of the crisis. The economies of the Member States are paralysed and incapable of combating the social and economic challenges: moving the fiscal burden away from work and productive investment is now a priority. For that reason, the tax on financial transactions can contribute by generating new estimated revenue of up to EUR 57 billion, with the positive effects of redistributing the fiscal burden and stabilising the markets."@en1
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