Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-305-000"

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"en.20120523.15.3-305-000"2
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"I voted for the proposal for a directive to introduce a financial transaction tax in Europe. This is because, within the framework of the proposals for the EU’s new own resources, the European executive wishes to achieve an improved capacity to generate own fiscal revenue. The Commission intends two thirds of the total revenue from the financial transaction tax to be allocated to the EU budget. The Commission’s proposal has a triple goal which I thought should be endorsed: generating new tax revenue from the financial sector; combating the speculation based on high-frequency financial exchanges (millions of financial orders in a few seconds, managed by suppliers or owners which do not have liquidity, but just manage the orders); and improving the internal market, by avoiding distortions in competition and the risks of double taxation arising from the uncoordinated application of national taxes. I think that the proposal, launched by this Parliament, is necessary in order to prevent the recurrence of a crisis such as the one in 2008. For these reasons, I voted for the report, fully supporting the aims of the Commission’s proposal."@en1

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