FTT: European Commission's proposals on financial transaction tax welcomed. Jean-Paul Gauzès MEP
"The EPP Group welcomes the European Commission's proposals on a financial transaction tax", said Jean-Paul Gauzès MEP, EPP Group Coordinator in the Economic and Monetary Affairs Committee of the European Parliament, on Wednesday.
"We must see now how the proposal looks in detail. The wider the level at which this tax is implemented, the best impact and the less drawbacks it will have", Mr Gauzès said.
"However, we must recall that the decisive power on this matter is in the hands of the Council, which will have to vote unanimously. Therefore, a concrete implementation of such a financial transaction tax is still far away", said Jean-Paul Gauzès.
(Translation from the original French)
For further information:
Jean-Paul Gauzès MEP, Tel: +33-3-88-175700
Marion Jeanne, EPP Group Press and Communications Service, Tel: +32-479-840293
UMP, New Centre and the Modern Left MEPs Website
Notes to Editors:
The EPP Group is by far the largest political group in the European Parliament with 264 Members.