Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-074-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-05-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Common system for taxing financial transactions (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20120523.3.3-074-000"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-075-0002
lpv:speaker	lp:Liem Hoang Ngoc2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 unknown; Parti socialiste (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 substitute; IMCO (2012-01-19--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3
lpv:translated text	"Mr President, ladies and gentlemen, the Commission has moved on to practical work and we have tried to improve its draft text in committee. We now have a basis of assessment including exchange transactions, derivatives, equities and bonds traded on the secondary market. Like the Commissioner, we want the financial transaction tax to be imposed on pension funds and undertakings for collective investment in transferable securities (UCITS), which, unfortunately, the Group of the European People’s Party (Christian Democrats) wants to exclude. We also have two tax rates, including a lower rate for derivatives, which seems paradoxical given that we want to combat speculation. By and large, however, the compromise we are reaching will be an important step forward, especially if it obtains a large majority in plenary. This would send a strong signal to the Council, where political change in France is opening up new possibilities for European growth initiatives, funding for which could be achieved through the mobilisation of this first European tax instrument. This places the burden fairly and squarely on the financial sector, which is responsible for the crisis, and not on its victims, European citizens. The tax revenue will also help reduce the contribution of the Member States, which are being asked to reduce their deficit. In this way, Parliament is suggesting that it is not impossible to reconcile fiscal justice, deficit reduction and support for growth. This is a good omen, ladies and gentlemen, ahead of the informal European Council summit on growth, which is opening this evening."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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