Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-14-Speech-4-105"
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"en.20020314.6.4-105"2
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".
The liberalisation of movement of capital has been achieved, not only within the EU but also in non-Community financial centres. It is therefore obvious that the introduction of a new tax, as well as a policy for the exchange of information that is limited to the 15 Member States, will have a negative impact on financial transactions. The introduction of such a tax would give rise to considerable tax evasion.
For these reasons, we believe that it is essential to introduce effective savings income within the Community in the form of interest payments, which is, in other words, also provided in a number of third countries as well as in all the autonomous territories that depend on a Member State.
Therefore, the entry into force of this directive should categorically depend on the conclusion of agreements on the introduction of identical measures in the countries and territories in question.
Since there is much work that has to be done before this last condition is fulfilled, we were unable to give our backing to this proposal for a directive."@en1
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