Activities of Anni PODIMATA related to 2011/0261(CNS)
Plenary speeches (1)
Common system for taxing financial transactions (debate)
Reports (1)
REPORT on the proposal for a Council directive on a common system of financial transaction tax and amending Directive 2008/7/EC PDF (373 KB) DOC (529 KB)
Amendments (1)
Amendment 59 #
Proposal for a directive
Recital 17 a (new)
Recital 17 a (new)
(17a) This Directive does not address the management of revenue from the FTT. However, having regard to the Commission proposal for a Council regulation laying down the multiannual financial framework for the years 2014 to 2020 and in particular concerning the provisions on the Union's own resources, part of the revenue from an FTT could be envisaged to be managed at Union level, either as a part of Union own resources or directly linked to specific Union policies and public goods, inter alia, the financing of development aid goals, the fight against climate change, sustainable development and the Union's social welfare state. The use of part of the FTT revenues as Union own resources will reduce the dependency of the Union budget on national contributions and will release funds from the national budgets for other uses. According to the preliminary estimations and depending on market reactions, the revenue from an FTT could be EUR 57 billion annually, if implemented at Union level.