Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-059-000"

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"en.20120523.3.3-059-000"2
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"Mr President, this proposal was harmful from the beginning, and, as so often happens, Parliament wants to make it worse. The sanction of invalidating transactions upon which the financial transaction tax has not been paid will undermine the rule of law. It would represent the superiority of fiscal interests over the real economy. Contrary to what is intended, the financial transaction tax will affect not only the most speculative practices, but the entire financial market, which also supplies what is known as the real economy, whereby the latter needs money now like never before. Numerous European politicians continue to propose new taxes to overcome the crisis: carbon taxes, environmental taxes, energy taxes, and finally, the financial transaction tax and the coordination of income taxes. This is the worst possible solution. Today, Europe needs competitiveness, and new taxes will kill this competitiveness."@en1
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