Vote on Implementing enhanced cooperation in the area of financial transaction tax (FTT): - extracts from the vote - statement by Anni PODIMATA (S&D, EL), rapporteur EP Committee on Economic and Monetary Affairs

Type: News   Reference: 93964   Duration: 00:04:00  Lieu: European Parliament, Brussels
End production: 18/06/2013   First transmission: 18/06/2013
MEPs of the Committee on Economic and Monetary Affairs (ECON) voted on implementing enhanced cooperation in the area of financial transaction tax. The voted draft report introduces the issuance principle to impose the tax on every transaction on a financial instrument issued by an entity in the territory of a participating Member State. The voted draft report strengthens the Commission's aim to close some loopholes and reinforcing mechanisms to prevent tax evasion and tax avoidance by closing the loophole of the issuance principle, reintroducing the ownership principle and strengthening the residence principle.

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TIME DESCRIPTION DURATION
00:00:00 TITLE 00:00:05
00:00:05 External shot of European Parliament 00:00:05
00:00:10 Cutaways before the vote (5 shots) 00:00:24
00:00:34 SOUNDBITE (in English), Sharon BOWLES (ALDE, UK), President of the EP Committee on Economic and Monetary Affairs:" We are doing the Anni Podimata's report on the Financial Transaction Tax, first." 00:00:09
00:00:43 Cutaways of the vote (9 shots) 00:00:42
00:01:25 FINAL VOTE :cutaways (7 shots) SOUNDBITE (in English), Sharon BOWLES (ALDE, UK), President of the EP Committee on Economic and Monetary Affairs:" Let's do it electronically. Vote on the text as amended. That's 30 in favour, 12 against and 3 abstentions. Now vote on the legislative resolution. I'm closing the vote. Ok I'm closing the vote. That's 30, 10 and 4" 00:00:29
00:01:54 SOUNDBITE (in English), Anni PODIMATA (S&D, EL), Rapporteur:" I just would like to thank the shadow rapporteurs" 00:00:03
00:01:57 SOUNDBITE (in English), Anni PODIMATA (S&D, EL), Rapporteur:" I would like to stress that under the current circumstances, and the intense lobbying of the industry to kill the tax, their engagement has been indispensable in order to find, to reach this compromise. Due to their commitment, we adopted today a position in the ECON Committee that proves and preserves the Parliament's consistency and coherence. Thank you". 00:00:29
00:02:26 Cutaway : Anni Podimata (1 shot) 00:00:05
00:02:31 SOUNDBITE (in English), Anni PODIMATA (S&D, EL), Rapporteur:" The position which was adopted today and which is a position which preserves the elementary concept of the Financial Transaction Tax, that means covering all financial products, all financial institutions and all financial markets with a low rate". 00:00:22
00:02:53 SOUNDBITE (in English), Anni PODIMATA (S&D, EL), Rapporteur:" This would be a strong message to the European citizens that are supposed to vote in may 2014 for the new House, in a very stressed period, in a period of crisis. It would be very important for us to be able to send the message to the citizens that we duly take into consideration their concerns". 00:00:22
00:03:15 SOUNDBITE (in English), Anni PODIMATA (S&D, EL), Rapporteur:" The message is a fair contribution of the financial sector to the costs of the crisis, not only the ordinary taxpayers, labour tax, productive economy tax, to assume the burden. And at the same time, adopt an additional tool in this broader framework for better regulation and better supervision of the financial markets, through the Financial Transaction tax, which is a tax which can contribute to the discouragement of harmful behaviours in the financial markets" 00:00:45
00:04:00 END 00:00:00
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