Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-276-000"

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"en.20120523.15.3-276-000"2
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"While the idea may be seductive and the objectives commendable, taxing financial transactions at EU level is not satisfactory. To reconcile the financial sector and the real economy is a necessity, given that certain practices in this area are disconnected from them. To make ‘the bankers’ who were supported during the crisis pay may also appear just. However, a possible tax on international financial transactions should not go through Community channels. For one thing, Member States should have exclusive competence over tax issues. Yet the European Union hopes to take ownership of this competence, which entails levying tax for itself while, at the same time, granting itself own resources, which would make it even more independent from the Member States. For another, the scale of the continent is not appropriate for the introduction of a tax that is intended to be dissuasive."@en1

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