Commissioner Šemeta meets French President Sarkozy
Statement by Mr Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-Fraud , following the meeting with the President of France, Mr. Nicolas Sarkozy:
"Taxing financial transactions is a subject for which cooperation at European level and at global level are necessary. In our exchange of views we addressed in particular the Commission's proposal for a financial transaction tax. We also discussed the necessity of tax coordination at EU level, the role a Consolidated corporate tax base can play in this context and the future of the VAT system.
During the discussion, I recalled that the European Commission is finalising a legislative proposal for a Financial Transaction Tax at EU level. We will come forward with a solid and concrete proposal in the next few weeks. I welcomed France's support in this respect and also strongly encouraged President Sarkozy to continue voicing his support during subsequent discussions in the Council.
Proposing a financial transaction tax in the EU as a first step would be a strong signal to promote such a tax at global level. I welcomed France's support to encourage work at international level on a global financial transaction tax in the G20 under the French Presidency."