Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-069-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120523.3.3-069-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, ladies and gentlemen, I have already spoken in favour of the introduction of such a financial transaction tax as a member of my national parliament, albeit always with two conditions attached: firstly, the Member States’ contributions must be simultaneously reduced if the revenue from the financial tax remains with the EU as own resources, and secondly – and this is almost more important to me – there must be effective regulation and supervision of the financial markets. In this respect, Commissioner, all the proposals fall short.
The financial transaction tax will not bring the financial pact under control if we do not at the same time tighten up the rules and establish supervision that truly prevents any further short selling and controls high-frequency trading.
The vague wording of Article 17a does nothing to increase my confidence in the Commission and the Council. The wording does not specify who will manage this revenue. That is why I agree with Mr Klinz and Mr Giegold that there are exemptions here which cannot be justified, particularly when it comes to investment funds. The issue of how the revenue will be administered has still not been settled, and there are no proposals for how the financial markets will be regulated and supervised. I will therefore be voting against the report today."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples