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Debates
Tuesday, 8 March 2011 - Strasbourg OJ edition

Explanations of vote
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Text tabled : A7-0036/2011

  Vilja Savisaar-Toomast (ALDE), in writing. (ET) In today’s vote, we saw support for the report concerning innovative financing in the world and in Europe. The only part that was not supported was the proposal calling on the Commission to investigate the feasibility of the EU’s carbon tax, which, like VAT, will be introduced onto the internal market for each product. I am pleased to note that there was support for the main points calling on the Commission to investigate the feasibility and practicality of various new taxes and the consequences resulting from them. With the bank taxes, taxes on financial activity and taxes on financial transactions, everyone has their own economic objective, and their potential for bringing in income differs, so it is important that, before imposing additional taxes, an in-depth analysis is carried out.

There was support for the idea under consideration that, if a financial transaction tax is imposed, it should be introduced as widely as possible. At the same time, Members of Parliament, including myself, asked for clarity on who will ultimately pay this tax, because the tax burden usually falls on the customer, which, in this case, would be retail investors and individuals. Thank you.

 
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