Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-298-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-05-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pl"^^xsd:language2
lpv:document identification number	"en.20120523.15.3-298-000"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-298-5002
lpv:speaker	lp:Sławomir Nitras2
lpv:spokenAs	unknown; Platforma Obywatelska (2009-07-14--2014-06-30)3 substitute; PECH (2012-01-19--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2011-09-29--2014-06-30)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3
lpv:translated text	"The global economic and financial crisis has seriously affected the economies and public finances of the Member States. There is no doubt that the financial sector had an important part to play in causing the economic crisis; however, the costs of the rescue programmes have been borne by central budgets or, in other words, European taxpayers. There is a broad consensus in Europe and in the international arena that the financial sector should take greater responsibility, in view of the costs of overcoming the crisis and the current tax burden on this sector, which is relatively low compared to other sectors. The Commission’s proposal for a directive on a common system of financial transaction tax gives concrete form to these considerations. The European Union is thus the first in the G20 group to put forward a constructive regulatory proposal in this area. The proposals tabled by the Committee on Economic and Monetary Affairs are useful and introduce the additional criterion of issuance (financial transactions are subject to taxation whenever an instrument is issued by a legal person registered within the EU) when identifying which financial transactions are subject to taxation, as well as excluding pension funds from the scope of this taxation (which means that the cost of long-term saving does not increase). However, I oppose the exclusion of investment funds from taxation. In my opinion, this proposal distorts the idea of a financial transaction tax, since it excludes a large group of financial institutions from taxation and thus reduces the effectiveness of the regulation."@en1

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