Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-359-375"
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"en.20110308.22.2-359-375"2
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"Given the fact that developing countries have lost significant revenue from trade taxes, it is consequently very important to ensure effective cooperation in both tax and development. It is important for every country to establish an efficient and effective tax system and policies to implement it, because this is the backbone of their public finances and a way of attracting investment. We must therefore leave developing countries some discretionary powers in this area. Cooperation must be based on mutual assistance, without creating additional obstacles or burdens for either party. I agree with the proposal that we must help ensure the quantitative and qualitative improvement in developing countries’ revenue mobilisation. Aid allocated to developing countries should be targeted, effective and only provided if it is essential, and countries themselves should not have the right to decide whether it is required.
I do not believe that it is advisable to give the EU an additional burden and compensate developing countries for the decline in customs revenue. In my opinion, we should establish a tax on financial transactions, which would limit speculation and would make the market function more effectively. Furthermore, we must make every effort to ensure that this tax is applied not just at EU, but also at global level."@en1
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