Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-093-000"
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"en.20120523.5.3-093-000"2
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"Mr President, as has already been emphasised in this debate, the introduction of a financial transaction tax would only make sense if it at least had a European dimension, though it really ought to have a global dimension. For that reason, it is natural that the Commission, with the support of this House, wants to make it a European tax.
So the next logical step would be that this tax forms part of Europe’s domestic income, in order to give the budget a firmer footing, as is the case with any normal budget.
On several occasions, members here have emphasised that this tax should contribute to growth.
Well, the introduction of the financial transaction tax as the Union’s own income – which, in order to be domestic income, should meet all the criteria laid down by the Lamassoure report and the Commission – would support the European budget; and the European budget is a growth budget. As a result, it would be a tool for growth and, at the same time, lighten the load of national budgets, since it would lead to a reduction in national contributions to the EU budget. Consequently, we have here a typical instrument that can simultaneously support the dual objective of fiscal consolidation and growth and employment."@en1
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