“The European Union needs a Financial Transaction Tax as part of a reformed Tax Policy. This new Tax Policy must be the basis for a renewed European Budget”, said Jo Leinen, President of the European Movement International (EMI). At the EMI Federal Assembly, the delegates adopted a resolution calling for a real European budget and for rethinking the current European Tax Policy with an FTT at its core.

Generating own resources through a Financial Transaction Tax (FTT) and also a carbon tax would ensure fiscal fairness as well as environmental protection. At the same time, according to the EMI, it is necessary to introduce a Common Consolidated Corporate Tax Base and to step up the battle against tax evasion within and outside the EU.

“We need a two-step approach: first an immediate reform of the European Tax Policy and on the longer term a European Convention “European Economic and Fiscal Union with the participation of all Parliaments, national and European, governments and the European Commission”, said Jo Leinen.

The adoption of the resolution was preceded by a discussion with European Commission representative Manfred Bergmann, Director DG Taxation and Customs Union.

[ENDS]

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Editor’s Note: The European Movement International (EMI) is one of the largest pan and pro-European civil society organisation with currently more than 70 Member Organisations, bringing together representatives from European associations, political parties, enterprises and trade unions.

For more information, please contact the secretariat: +32 (0)2 508 30 88, email: Opens window for sending emailsecretariat(at)europeanmovement.eu