Towards a European tax on financial transactions
The European Parliament meeting in plenary yesterday approved by a large majority (529 in favor and 127 against) a resolution which supports the introduction of a tax on financial transactions (TTF).
E 'of particular importance is the fact that Parliament has indicated that, in case you are unable to find a global consensus on this proposal, the EU should go it alone. According to the text of the resolution, the TTF must be taken''without delay''.
The resolution on the innovative financing instruments, prepared by the Parliamentary Podimata Greek Years (S & D, EL), is the contribution of Parliament to debate on how to generate new revenue, ensure a fair tax policy and the ability to maximize recovery of the levy.
According to the House, new financial instruments can make a "double dividend" on the one hand achieving important policy objectives, such as financial market stability and transparency, and increasing other revenue.
The resolution calls for the introduction of a tax on financial transactions (TTF) which would result in the coffers of the EU about € 200 billion each year and contribute to the reduction of speculative activities, making them more expensive and therefore less attractive. An amendment adopted from the Chamber Requests that, if it is not possible to introduce such a tax at a global level, the Union should still apply the TTF at the European level as a first step.
Moreover, the deputies who respond to claims that such a tax would have the effect of causing a shift in speculative transactions to other jurisdictions more favorable, saying that the EU could even reap the benefits as this would help to improve ' market efficiency.
The resolution calls for measures to reduce tax evasion and tax fraud, which is currently expected to amount to approximately € 250 billion per year. Finally, MEPs urge the EU and the G20 to pursue the goal of eliminating tax havens and tax secrecy.
The Italian campaign for the TTF ( www.zerozerocinque.it ) has long maintained the technical feasibility and the enormous benefits that this proposal would, though only introduced in the EU or the euro area. (For a brief statement of the arguments in favor of the introduction of the TTF in the euro area alone, see the deepening of the call published on the campaign website zerozerocinque: http://bit.ly/glvLwA )
The vote yesterday policy is a confirmation of the utmost importance to the many technical issues that support these arguments. A European TTF is also a sign of great strength for later introduction on a global scale.
The Italian government has so far argued that the tax could be implemented only on a global scale. Our country, especially in light of today's vote in Europe, is now called upon to do its part, and to follow the example of Germany, France and other European nations that have long strongly support the introduction of rapidly TTF, to curb the wild speculation and the Treasury Casino and generate resources for welfare, international cooperation, the fight against climate change.
The vote yesterday was particularly directed to the European Parliament a report on innovative financial mechanisms that had been presented in the relevant committees in recent months and who strongly support the need for a TTF on a global scale, or, if no consensus in Europe. It was also voted on a second report, presented by the French parliamentary Eva Joly and dedicated to the need to improve tax revenue, combat tax evasion and harmful tax practices. This second report cited the TTF in a very favorable, as a measure to curb speculative and purely financial transactions to generate income.
v.ferla @ cittadinanzattiva.it
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