Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-080-000"

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"en.20120523.3.3-080-000"2
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"Mr President, we still have a long way to go, but today we may have taken an important step towards finally introducing and levying a tax on financial transactions. I understand the prudence, the caution, the need to do things gradually expressed by Mr Šemeta and the technical issues rightly raised by Ms Vestager. Precisely for this reason, though, I hope that Parliament will express a clear, political will, with a broad majority, in order to encourage and drive forward the initiatives necessary to address the unresolved problems, especially at Council level. We all want to closely examine the impact of this tax, but it is not right to stir up unfounded fears which could even lead to contradictory and counterproductive choices. I refer, for example, to the rationale behind the proposed exemptions. If we are careful to reduce the impact of the tax, it is important to have as broad a tax base as possible, with a low rate, and not to attempt to extend the exemptions . To those who are concerned about the consequences for small investors, I would point out the progressive nature of the tax, so those who carry out several transactions are affected more, and it is clear that the competent authorities must, in any case, ensure that there are no attempts to offload the possible costs onto end users. I therefore hope that Parliament will vote in favour of this tax by a large majority."@en1
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