Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-100-000"

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"en.20120523.5.3-100-000"2
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"Mr President, one of the reasons why introducing the European financial transaction tax as soon as possible is particularly important is that it would make it clear to European citizens that the EU is not passing the burdens of the crisis on to them, but rather on to the financial sector. The European-level transaction tax is not intended to apply to the population, but to high-value business transactions and speculative operations. It would ensure a more equitable distribution of the burdens of the crisis. By contrast, the Hungarian Government is planning to impose further austerity measures on the population under the pretext of the transaction tax. This transaction tax, however, has nothing in common with the one we are discussing here. This new tax, which will take effect next year, will be charged on retail transactions, including cash withdrawals and payments, bank transfers and bank card purchases. This is unacceptable! The EU transaction tax applies to the financial sector, to Member State and international oligarchs."@en1
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