Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-287-000"

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"en.20120523.15.3-287-000"2
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"The report by my colleague, Anni Podimata, which I supported in plenary, aims to establish a common system for taxing financial transactions. It was adopted by a large majority and I welcome that. The recent crisis gave rise to a debate in Parliament on the possible added value of a financial transaction tax (FTT). The FTT will enable part of the costs of the crisis to be charged to the financial sector, while ensuring that it is taxed fairly in relation to other sectors. It will also dissuade financial establishments from taking excessive risks and, finally, it will generate additional revenue to finance the general budget or specific policies. According to initial estimates, depending on the reaction of the markets, the FTT will generate revenue amounting to EUR 57 billion each year in the European Union."@en1

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