{"id":22225,"date":"2012-06-02T13:03:41","date_gmt":"2012-06-02T17:03:41","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=22225"},"modified":"2012-06-02T13:03:41","modified_gmt":"2012-06-02T17:03:41","slug":"a-financial-transaction-tax-for-growth-and-jobs","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/06\/a-financial-transaction-tax-for-growth-and-jobs","title":{"rendered":"A Financial Transaction Tax For Growth And Jobs"},"content":{"rendered":"

\"financialSocialists and Democrats Euro MPs Wednesday won a cross-party majority in the European Parliament to introduce a tax on financial transactions in Europe that can generate additional revenue of close to \u20ac100 billion per year. ” I’m really delighted that this report for which our political family has led the campaign for years now, has finally been approved with a large majority “, said S&D Euro MP and negotiator for the European Parliament, Anni Podimata, after the vote.<\/p>\n

S&D Group has been campaigning for years now for this tax, and we are winning the argument. The financial transaction tax (FTT) is a key part of the Socialists and Democrats’ strategy to exit the crisis.<\/p>\n

Stocks and bonds would be taxed at a minimum rate of 0.1% and derivatives at 0.01% by 2014, according to the European Parliament’s proposal.<\/p>\n

According to the S&D, The revenues it will bring can help boost growth and job creation and be used to finance investments in the green economy without deepening public debt or deficits.<\/p>\n

Such a tax would also reduce the risks of another financial crisis. It will make the financial sector more stable, less short-termist and more focused on financing the real economy.<\/p>\n

<\/embed><\/object><\/p>\n

The FTT is also fair since it would mean the financial sector pays part of the costs of the crisis it provoked, rather than leaving the bill for taxpayers.<\/p>\n

“We believe that everything has to be made in order to get an EU-wide agreement, but if this proves impossible, then we believe that a significant number of MS which would want to proceed could and should move forward according to the rules of enhanced cooperation” Anni Podimata said.<\/p>\n

While EU governments are still arguing about this issue, the European Parliament has taken a clear position based on the European Commission’s proposal.<\/p>\n

“If no agreement can be reached at EU level, we can’t be taken hostage by a few member states” added Mrs Podimata.<\/p>\n","protected":false},"excerpt":{"rendered":"

Socialists and Democrats Euro MPs Wednesday won a cross-party majority in the European Parliament to introduce a tax on financial transactions in Europe that can generate additional revenue of close to \u20ac100 billion per year.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[347,98,108],"class_list":["post-22225","post","type-post","status-publish","format-standard","hentry","category-business","tag-europe","tag-financial","tag-taxes"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/22225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=22225"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/22225\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=22225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=22225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=22225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}