Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-616-000"

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". The proposal for the multiannual financial framework for 2014 to 2020 is not modest, as the Commission suggests it is. Compared with the framework for 2007 to 2013, the proposal for 2014 to 2020 shows an increase of 11.0% in its appropriations. Mr Barroso’s statement that the budget will not cost the citizens more is thus questionable. Secondly, the European Commission wants a financial transactions tax and a tax based on VAT as new sources of income. This could appear attractive to the governments, as these levies would replace a part of the national contributions. I call on the Member States not to fall for this. In practice, these new levies would mean higher taxes for businesses and citizens. Those who advocate taxes of this kind must not find themselves thinking that they are representing the citizens. The revenues from any tax on financial transactions should in any case flow to the national exchequers. It is the governments, after all, that had to rescue the banks and those Member States that so required. Why does the EU want these new taxes, anyway? The reason is that the Union wants to spend more on things like its Europe 2020 strategy. That strategy relates to the labour market, which is a competence of the Member States. The European Union’s budget could thus be greatly slimmed down."@en1

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