Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-07-03-Speech-3-320-000"
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"en.20130703.36.3-320-000"2
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"Mr President, yet again I find myself voting against the European Union financial transaction tax (FTT). We know from experience that when you tax transactions in one part of the world, the financiers move to another part of the world, and the people who are left to pay the tax are the pensioners and the savers and the companies that are trying to get capital to grow – and, indeed, taxpayers generally when they find that the cost of their government’s debt has gone up. That is why so many European countries said they did not want to be part of the FTT.
Now, however, we have the issue of extra-territorialisation – a long word. What it means is one country being forced to try and collect a tax for another country, even though it disagrees with the tax. That is not legal, and it is for that reason that the UK has said to the EU: ‘We will see you in court.’"@en1
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