Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-088-000"
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"en.20120523.5.3-088-000"2
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"Mr President, I hope that we shall give very broad support to the report in the vote today.
I see many colleagues concerned with the effect of the financial transaction tax on taxpayers and I absolutely agree. Everybody is concerned with that, but I would like to ask you to look at the balance; for example, what the taxpayers are paying for consolidating the financial system, directly through increasing the capital of the banks or indirectly through the European Stability Fund mechanism, the IMF or other mechanisms. Thousands of billions are going to consolidate the financial sector.
If the financial transaction tax is introduced, this burden on the taxpayers will be alleviated – not entirely but at least partially – and it is very important to note that, if part of it goes to the European budget, it does not mean that this is going to be an additional tax for the European budget. That would mean that the national contributions will be decreased, which, at the end of the day, would bring the entire revenue from the financial transaction tax to the national budgets. Think about that. This is going to be its real interest to the taxpayers."@en1
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