2 Amendments of Othmar KARAS related to 2011/0261(CNS)
Amendment 47 #
Proposal for a directive
Recital 11a (new)
Recital 11a (new)
(11a) With a view to strengthening the position of stock exchange trading, which is strictly regulated, controlled and transparent, against unregulated, uncontrolled and less transparent off- exchange trading, Member States should apply lower tax rates to financial transactions on stock exchanges than to off-exchange transactions. This will make it possible to effect a shift in trading from markets with little or no regulation to stock exchanges that are subject to strict regulation and control.
Amendment 139 #
Proposal for a directive
Article 8 – paragraph 3a (new)
Article 8 – paragraph 3a (new)
3a. The Member States shall apply a lower rate of tax to financial transactions on stock exchanges than to those in off- exchange trading. This shall apply to the financial transactions referred to in both Article 5 and Article 6.