Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-301-500"
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"en.20120523.15.3-301-500"2
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"The European Commission has put the proposal for a financial transaction tax (FTT) at the centre of the debate, particularly in response to the serious consequences of the financial crisis. Ms Podimata’s report proposes to make the financial sector bear a share of the costs of the crisis, to dissuade financial establishments from taking excessive risks, to supplement regulatory measures aimed at preventing future crises and, finally, to generate additional revenue to finance the EU’s general budgets through the enrichment of the residence principle and the removal of pension funds or institutions for occupational retirement provision from the list of financial institutions to which the FTT would be applicable. The report puts forward strong arguments in favour of the application of the FTT at EU level. I am therefore in favour of this proposal. However, the report does not address the management of the revenue from the FTT and opts to have it managed by the multiannual financial framework programme. The FTT would make a significant contribution to the EU’s own resources, thereby broadening the framework for financing specific policies, projects and public goods."@en1
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