Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-109-000"

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
lpv:document identification number	"en.20120523.5.3-109-000"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-110-0002
lpv:speaker	lp:Anni Podimata2
lpv:spokenAs	vice-president; European Parliament (2012-01-18--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-17--2014-06-30)3 member; Parliament's Bureau (2012-01-18--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 member; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 unknown; Panhellenic Socialist Movement (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, firstly in order to be consistent in our position, let me remind you that in Europe today, there are already nine countries that have a form of FTT in place, including the most thriving financial centres in this continent. These jurisdictions are still major financial centres despite these taxes. That clearly means that a carefully designed FTT does not lead to relocation of financial institutions. Secondly, some colleagues expressed fears about the negative effects of a financial transaction tax on growth, enterprises and households. The truth is that enterprises and households are suffering right now as a result of the financial crisis, caused by the financial sector because of high VAT levels and high taxes on labour. Regarding exemptions, I fully agree with Commissioner Šemeta that exemptions create distortions and room for loopholes. I would like to remind you that in the Committee on Economic and Monetary Affairs, we reached a compromise provisionally exempting pension funds until the review of this directive. We did this in the spirit of compromise – a compromise which I regret is not yet in place – despite the fact that the FTT would have minimal impact on conservative funds. This compromise can better secure the pensions of Europeans by incentivising them to follow prudent investment strategies. But if we were to suggest further exemptions on investment projects with risky investment policies, that would not be in line with what we want to achieve. In conclusion, I would like to urge you to endorse by a large majority the report for a common system on an EU financial transaction tax. This would send a strong political message to the Council – especially today since there is the informal summit of the European Council on growth – and confirm that this House has been, and remains, consistent with the major policies and approaches that it has defended from the very beginning of this crisis."@en1
lpv:unclassifiedMetadata	"Anni Podimata,"1 "rapporteur."1
lpv:videoURI	<go to Events_and_structure europarl>2

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