Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-06-12-Speech-2-254"

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"en.20010612.12.2-254"2
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"As the author is not present, Question No 10 lapses. Although the Swedish Presidency does not intend to take any initiative regarding consideration of the Tobin tax (as it stated in reply to the questions it was asked at the European Parliament's last part-session), can it nonetheless indicate the reasons which led Mrs Lena Hjelm-Wallen (Sweden's Deputy Prime Minister) to state on 23 March 2001 that she agreed with the Tobin tax? Could it be on account of the regulatory role which this tax (which applies to international financial transactions) could play in relation to currencies, by damping down speculation and reducing the volatility of exchange markets? Or could it be (in the mind of the Deputy Prime Minister) on account of the attractiveness of a tax which, according to estimates, could bring in between 50 and 250 billion dollars per year, possibly for allocation to development-aid programmes in the world's poorest countries? As they deal with the same subject, Questions Nos 11 and 12 shall be taken together. Question No 11 by Yasmine Boudjenah (): In answer to the questions put to it last month, the Council stated that it had not included the subject of the 'Tobin tax' on the agenda for the ECOFIN Council, even though Mrs Lena Hjelm-Wallén, Deputy Prime Minister of Sweden, had declared on 23 March of this year that she approved of the 'Tobin tax'. In recent weeks, certain Member States such as Finland have declared their support for a tax of this kind, while a number of members of parliament (from Europe, Canada and the United States) have issued an international appeal in support of the 'Tobin tax'. In view of these recent developments, has the Council decided to include the subject on the agenda of the ECOFIN Council meeting of 19 June and to propose, at that meeting, that some of the proceeds of the 'Tobin tax' be allocated to meeting basic needs in the developing countries (access to safe drinking water, primary health care and vaccination), which would cost around USD 40 billion per year according to UNDP estimates? Question No 12 by Harlem Désir ():"@en1
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"Subject: Position of the Swedish Presidency on the introduction of a tax on international financial transactions"1
"Subject: Position of the Swedish Presidency regarding the establishment of a tax on international financial transactions"1

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