Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-150"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-03-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Taxation of financial transactions (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100308.17.1-150"2
lpv:hasSubsequent	lp_eu:2010-03-08-Speech-1-1512
lpv:speaker	lp:Gunnar Hökmark2
lpv:spoken text	"Mr President, one can question if, from an administrative point of view, it is possible to launch a financial transaction tax, or if it is politically possible, but I think the fundamental question must be: is it good? Is it useful for economic development to have a tax on financial transactions? Because this means that you will have a tax on investments; cross-border, you will have a tax on investments in countries where you have less capital than in others. Will this help international trade or will it reduce international trade, if it has an impact? I say this because there are two examples we could look at when we discuss this item. Firstly, we have 30 years of enormous economic growth thanks to well-functioning global financial markets. Then we have seen the consequences of the crisis giving us the credit crunch. I think that we should have more affluent and functioning global financial markets rather than trying to get anywhere close to what is a credit crunch. Because a transaction tax, just like every tax, aims to reduce the volume of what is taxed, and I do not see a benefit in reducing the amount of international trade because we have seen the consequences when that has happened. I cannot see that making investments in poor countries more expensive is useful. Taxing financial transactions will not hinder financial transactions. It will not even hinder what are sometimes called speculative investments. It will hinder the big flow of normal investments and trade that we are in need of. And I think, Commissioner, there is every reason to be careful and hesitant when we discuss this item."@en1
lpv:spokenAs	substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 unknown; Moderata Samlingspartiet (2009-07-14--2014-06-30)3 chair; Delegation to the EU-Croatia Joint Parliamentary Committee (2009-09-17--2013-06-30)3 substitute; ITRE (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; Conference of Delegation Chairs (2009-09-17--2013-06-30)3 vice-chair; EPP (2009-11-25--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3
lpv:unclassifiedMetadata	"Gunnar Hökmark (PPE )."1
lpv:videoURI	<go to Events_and_structure europarl>2

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