Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-01-19-Speech-3-221"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-01-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Capital tax2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20000119.8.3-221"2
lpv:hasSubsequent	lp_eu:2000-01-19-Speech-3-2222
lpv:speaker	lp:Christa Randzio-plath2
lpv:spokenAs	chair; ECON (1999-07-21--2002-01-14)3 member; PES (1999-07-20--2004-07-19)3 substitute; Committee on Industry, External Trade, Research and Energy (1999-07-22--2002-01-14)3 member; Conference of Committee Chairs (1999-07-21--2002-01-14)3 substitute; Committee on Women's Rights and Equal Opportunities (1999-07-22--2002-01-14)3 member; Delegation for relations with the Member States of ASEAN, South-east Asia and the Republic of Korea (1999-10-06--2002-01-14)3 unknown; Sozialdemokratische Partei Deutschlands (1999-07-20--2004-07-19)3
lpv:translated text	"Madam President, the debate on a tax on short-term financial actions is not a new one. We have been discussing the Tobin tax proposal for twenty years and yet the question is still topical because we need really concrete and honest answers based on careful studies. We need to know just how desirable and feasible a tax on short-term transactions really is. This question has now entered a different dimension, a dimension in which USD 1 500 billion roam the world twenty-four hours a day looking for attractive investments, no more than 3% of which have anything to do with the real economy. We are concerned about stability on the financial markets, not for the sake of the financial markets, but because this has to do with own growth, our own investments and our own jobs in the European Union. We must ask what instruments we can use in order to create the order here which has been missing in the past. We have done everything to help liberalise financial transactions, but so far we have had no working set of rules, as we have learned from the bitter lessons of the repercussions of the Asian and Latin American crises. It is therefore high time that we thought both about supervisory regulations and about transparency on the financial markets and their information. It is important that we know who the actors are and what their credit rating is. We must also ask if there is not a need for fiscal justice. At a time when the tax burden on the work factor is increasing throughout Europe and internationally, we must consider how we can achieve efficient taxation of investment income and that includes the question of how to tax short-term financial transactions. I think that we really do need a careful report and conclusions from the Commission, so that we as the European Parliament can see if we need to ensure that the European Union achieves real international solidarity with the USA and Japan in making the economy and the financial markets more stable and secure. This is the intention behind the question and we must then follow the ordinary procedures of reports from committees and plenary debate in order to reach a balanced and really forward-looking proposal."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph