Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-27-Speech-4-097-000"
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"en.20111027.6.4-097-000"2
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"Mr President, 16 of the 20 Portuguese stock exchange-listed companies are domiciled in the Netherlands for tax purposes, two in Luxembourg and one in the Cayman Islands, so as to avoid paying tax in Portugal: they do not even have to declare what they are earning in Angola, Brazil or China.
Without tax harmonisation and the combating of tax evasion in the EU, there can be neither economic governance in the euro area nor a common market, nor the means to finance growth and employment, so as to enable us to get out of the crisis.
The cancer of offshore banking that is crippling our governments’ political capacity is left untouched by the ‘Merkozy’ directorate of the neoliberal right, which is misgoverning Europe. If the Commission and the Council are now going to take the idea of a financial transactions tax to the G20, why do they not start dismantling offshore banking and tax rivalry within the EU itself?
Instead of this, the ‘Merkozy’ directorate is using Treaty change to make eyes at them and preparing to leverage the fund at Chinese expense. This puts the euro dangerously at the mercy of the whims of a self-serving dictatorship; of one of the most savage forms of capitalism, and one that violates workers’ rights most frequently. How can the public regain their trust in the banks and in our governments under the ‘Merkozy’ directorate?"@en1
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