2 Amendments of Sampo TERHO related to 2011/0261(CNS)
Amendment 23 #
Proposal for a directive
Recital 1
Recital 1
(1) The recent financial crisis has led to debates at all levels about a possible additional tax on the financial sector and in particular a financial transactions tax (FTT). This debate stems from the desire to ensure the financial sector contributes to covering the costs of the crisis and that it is taxed in a fair way vis-à-vis other sectors for the future; to dis-incentivise excessively risky activities by financial institutions; to complement regulatory measures aimed at avoiding future crises and to generate additional revenue for general budgets or specific policy purposes. The power to decide on the use of this additional revenue is vested in the Member States.
Amendment 175 #
Proposal for a directive
Article 16 – paragraph 2
Article 16 – paragraph 2
In that report the Commission shall, at least, examine the impact of the FTTcosts and revenues of the FTT and its impact on the proper functioning of the internal market, the financial markets and the real economy and it shall take into account the progress on taxation of the financial sector in the international context.