Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-068-000"
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"en.20110307.17.1-068-000"2
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"Mr President, a tax on financial transactions would affect competitiveness, but a tax applied globally in the right way could represent a method for collecting additional funds for global policies. In order to have a coherent position, the EU should make an assessment of the impact of introducing such a tax. The study should cover the possible risk of relocating foreign investments in less transparent areas. The extent to which the options considered can be used as innovative financial mechanisms must be observed. Such a tax should not have a negative impact on the banking system. Avoiding possible effects on SMEs and individual investments are, however, two very important aspects.
Finally, I would like to emphasise that only a tax on financial activities would be feasible at European level. In this way, we would only tax the corporations, and not every participant in a financial transaction."@en1
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