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23/12/2014

Commissioner Semeta's statement on Financial Transation Tax and Savings at ECOFIN Council

On Financial Transactions Tax, Commissioner Semeta said :

"For everyone in the Single Market, a common approach – even if not at 27 – is preferable to a patchwork approach. Not least because it will avoid complexity and added burden for businesses and investors.

On Financial Transactions Tax, Commissioner Semeta said :

"For everyone in the Single Market, a common approach – even if not at 27 – is preferable to a patchwork approach. Not least because it will avoid complexity and added burden for businesses and investors. It is clear that a significant number of Member States is prepared to back the Commission's proposal for enhanced cooperation on the FTT. I would ask all Member States to take their Treaty obligations seriously. They should not prevent others from moving ahead with an FTT through enhanced cooperation, when there is no valid reason to do so."

And on Savings Tax

"It is now 16 months since the Commission proposed this mandate, which could ultimately allow us to make great head-way in reducing the serious problem of tax evasion. It is very disappointing that we are still stuck at this point….just discussing. On three separate occasions this year, EU leaders have called for "rapid" progress on this file, recognising its significance in the fight against tax fraud and evasion. I fail to understand the arguments which are being used to oppose progress." 

For more information, see also SPEECH/12/809

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