Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-041-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Innovative financing at a global and European level (debate)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110307.17.1-041-000"2
lpv:hasSubsequent	lp_eu:2011-03-07-Speech-1-042-0002
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	vice-chair; Delegation for relations with the countries of Central America (2009-09-16--2012-01-17)3 unknown; Coligação Democrática Unitária (PCP-PEV) (2009-07-14--2012-01-17)3 vice-chair; EUL/NGL (2009-07-14--2012-01-17)3 vice-chair; EMPL (2009-07-16--2012-01-17)3 member; FEMM (2009-07-16--2012-01-17)3 substitute; ITRE (2009-07-16--2012-01-17)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2012-01-17)3 substitute; Delegation for relations with the Mercosur countries (2009-09-16--2012-01-17)3
lpv:translated text	"Mr President, there has long been a need to create a financial transaction tax (FTT) at global level and, therefore, also at European Union level, just as there has been a need to put an end to tax havens and speculative financial products. There has long been a need to control and effectively regulate the capital market, preventing speculation on a very wide range of products, including commodities, property transactions, pensions, and insurance, as well as a whole panoply of derivatives, including those based on sovereign debt itself. Unfortunately, the European Commission has made no progress with these proposals, but it is well known that tax evasion and tax fraud are estimated to cost some EUR 250 billion per year in Europe, which would be enough to cut the public deficits without the need to raise taxes. According to current projections, even at a low rate, an FTT would generate almost EUR 200 billion per year at European Union level and USD 650 billion at global level. It is in this context that we ask how can it be accepted that a clear position regarding the creation of an FTT at European Union level should be postponed under the pretext of another study, of new studies, of further evaluation? It is time to take clear decisions on the inspection and taxation of capital. It is time for us to stop making, above all, the workers, microenterprises and small businesses pay for the economic and social crisis."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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