Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-24-Speech-2-089"
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"en.20091124.3.2-089"2
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"A political agreement in Copenhagen is crucial, but it needs to be global. Putting European industry is a situation which is greatly disproportional to that of other developed economies would be a mistake for the economy and of little use in ecological terms. European efforts should be directed towards seeking an agreement that places an obligation on all parties.
Europe must also find effective and reasonable solutions to the issue of funding. This precludes the idea of a tax on international financial transactions (Tobin tax) to fund adaptation to climate change in developing countries.
That kind of support, necessary though it is, must not be given at the expense of the economy, trade and wealth creation.
The cost that such a tax would have for society in general (increasing the tax burden, with consequences for all taxpayers and consumers) and its impact on the financial market (decreasing the necessary liquidity and flow of credit to businesses and households) cannot be ignored.
In addition, the implementation of a global tax would lead to technical problems and complex administration. In a crisis, the way out cannot involve yet more, new taxes which would be difficult to collect. We need to forget this idea of a new tax."@en1
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