Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-01-19-Speech-3-234"
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"en.20000119.8.3-234"2
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"Madam President, let us indeed tax money speculation: it does not produce anything new. The tax would be targeted at the right place: at the speculators. Who is going to defend these speculators, when nurses and teachers are paying top rates of tax? Article 73 c of the Treaty establishing the European Union provides scope for taxation on transactions. Those who oppose taxation on currency dealing are in favour of those tax-recycling centres, the tax havens, of which there are 62 in all. The Union should make a tax pact, which any countries could initially be party to. The low rate Tobin tax would not cause tax-recycling problems. It is strange to claim that if everyone is not included it would be impossible to bring into effect. The European Union was founded through the efforts of just a few countries, and you see how we are today. The truth is the greatest problem is a political one: they do not want to tax capital, but raise personal taxation instead. In the end tax would politicise the global, undemocratic system of financial power. Ladies and gentlemen, we must challenge the monopoly the world’s speculative elite have on planning the world’s economy by remaining outside the tax system."@en1
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