Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-183-000"

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"en.20120523.15.3-183-000"2
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"Mr President, I do not know whether this tax will be applied or not in the future. However, I do know that the policies which encouraged discrimination and privileges favouring the banking system have led to this debate in Parliament. I do not believe that this tax can be effective unless it is applied across the whole of the European Union and, above all, globally because, if we only manage to apply it in part, it will only affect consumers. I agree that measures need to be taken against those who caused this economic disaster. However, I do not believe that we can take them unless we consider stopping European banks from being registered in tax havens and repatriating their profits to these havens which are exempt from the specific tax on profits and dividends. I believe that this is the solution. I agree that we need a clearly defined, tight regulation supportive of European banks. What we need is a new Glass-Steagall Act, but I think that this tax is not going to be effective. This is why I voted against."@en1
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