Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-302-000"

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"en.20120523.15.3-302-000"2
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"In favour. It is good news that the European Parliament extended the scope of the tax to broaden the tax base and also to prevent the possibility of circumvention. Indeed, unlike the initial proposal put forward by the European Commission, currency transactions will be covered by the tax. In addition, the residence principle was supplemented by the issuance principle and the principle of legal non-recognition. More specifically, what this means is that products issued in a country where the tax applies will be taxed irrespective of where they were traded. What is more, derivative contracts that are not taxed will not benefit from legal recognition. However, the Group of the Greens/European Free Alliance regrets that Parliament granted an exemption to pension funds. This exemption sends the wrong signal, especially since pension funds – which are long-term investors – are affected only marginally by the tax, which mostly penalises short-term players."@en1

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