Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-181-000"

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"en.20120523.15.3-181-000"2
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"Mr President, I, together with the Italian delegation, have backed the introduction of the Tobin tax, a financial speculation tax, since 2010. Today, Parliament voted in favour of introducing this tax, which we believe to be an essential tool to ensure that the financial sector assumes its responsibilities and is steered back towards the real economy. As far as we are concerned, the introduction of a European financial transaction tax (FTT) reasserts the supremacy of democratic politics over the serious discrepancies in the functioning of the financial markets, which caused the economic crisis we are experiencing today. The FTT does away with the exemption from tax on financial transactions and makes financial speculators responsible in the same way as ordinary citizens, who have to pay taxes even on bread and petrol on a daily basis. With expected revenues of over EUR 50 billion a year, the European Parliament is today sending a signal that it is taking responsibility, in order to create more solidarity in the world."@en1
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