2 Amendments of Bas BELDER related to 2011/0261(CNS)
Amendment 16 #
Proposal for a directive
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The European Parliament rejects the Commission proposal.
Amendment 24 #
Proposal for a directive
Recital 1 a (new)
Recital 1 a (new)
(1a) In the financial crisis, given the low growth forecasts in the EU, a FTT could have a further negative effect on medium- and long-term growth prospects, in view of the widely diverging estimates of its effects on the real economy. In February 2012 the Netherlands Central Bank estimated that the cost for Dutch banks, pension funds and insurers would be at least EUR 4 billion per year. That is 0.61% of GDP. It also noted that it is doubtful whether such a tax would discourage disruptive activity on the markets. Consequently the basis for this tax should be regarded as dubious.