Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-217-000"

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"en.20120215.18.3-217-000"2
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"Mr President, in the separate vote taken on clause 29 of the Cornelissen report, I have voted against. I do not agree with the European Council establishing a tax on financial transactions. I have opposed this tax on account of the fact that the financial services sector in Malta accounts for around 15% of the country’s GDP and provides some 6 000 jobs in this sector. It is neither in the country’s interest nor in that of Maltese and Gozitan workers to increase taxes in this sensitive sector of the Maltese economy. This measure can lead to the delocalisation of financial activity away from Malta, with the consequence that instead of retaining capital and cash in the Maltese financial sector, these would be moved out into some other country. I have also voted in favour of the remaining clauses of this report since, at a time of fiscal consolidation, this report addresses the creation of sustainable jobs through investment, an improvement in job quality, investment in education and training and combating poverty and social exclusion, and also the participation of workers in the labour market."@en1
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