Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-095-000"

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 (continuation of debate)2
dcterms:Language	"mt"^^xsd:language2
lpv:document identification number	"en.20120523.5.3-095-000"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-096-0002
lpv:speaker	lp:David Casa2
lpv:spokenAs	member; EMPL (2012-01-19--2014-06-30)3 substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 substitute; ECON (2012-01-19--2014-06-30)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2013-05-21)3 unknown; Partit Nazzjonalista (2009-07-14--2014-06-30)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, it has been established that irresponsible behaviour within the financial sector has contributed to the crisis we find ourselves in today. Consequently, the sector must pay part of the price for all this. Despite this, however, I do not believe that a tax introduced on financial transactions is the best way forward, primarily because the bulk of the tax costs will probably be passed on to the consumer and, moreover, I think it would be dangerous for Europe to believe that establishing regulatory standards in the European Union will encourage the rest of the world to follow our lead. In the current economic climate, we should be very proud of the fact that our financial services industry is so competitive. In light of this, I feel that we should pay attention to whether we should introduce policies or taxes that threaten this competitiveness. I confess that I do not have faith in the Commission’s impact assessments, as they are far from being consistent with one another. Initially, it was indicated that there would be a significant reduction in GDP, but then, once this came under fire, the Commission adjusted its assessments to depict the very opposite. This is why I will not be supporting the introduction of the financial transaction tax solely in Europe and I invite my colleagues in the European Parliament to do the same."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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