Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-517-000"
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"en.20120912.27.3-517-000"2
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"Mr President, the Commission’s proposals for both the European Social Entrepreneurship Fund and the European Venture Capital Fund as part of the EU action plan are important to help SMEs access more financial resources across the whole of the EU.
These two reports have been specifically drafted to encourage investment in these important sectors. The EU passport for these two brands will allow cross-border business and investment and thus channel money into areas that we know are vitally important to economic growth as well as simultaneously benefiting our whole society.
We all agree that stimulating growth, particularly in the SME sector, is intrinsic to our economic recovery. The committee negotiations have been carried out in an inclusive spirit which has continued into the trialogue discussions. It is therefore a shame that negotiations have deteriorated. I believe that all political groups are keen to see successful implementation of these two reports. It is therefore a pity that this has been stalled with the addition of a topic that many argue is not immediately essential to the EU Venture Capital and Entrepreneurship Fund debate.
The global issue of tax evasion and the definition of tax havens, especially in light of the global economic situation, must be addressed. There is widespread acknowledgement of this and indeed the Commission has promised to come up with specific proposals. It is not standard practice, however, nor indeed Parliament’s right, to set tax policies within the Financial Services Regulation. Whatever our aspirations, we must be careful that we do not cause more harm than good.
Of course we should look at tax havens, but at the right time with the right people on the right dossiers. There is a strong majority in the Council against the addition of Article 3. Our priority surely should be to pass these two reports without delay, taking full advantage of the agreements and improvements that the Parliament has already successfully negotiated in trialogue. We can then address tax evasion in the appropriate manner following Commission proposals. If we are serious about stimulating growth, we must allow this legislation on the Social Entrepreneurship and Venture Capital Funds to come to fruition."@en1
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