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International Internet Magazine. Baltic States news & analytics Monday, 01.09.2014, 14:09

Semeta: Lithuania would benefit from tax on financial transactions

Danuta Pavilenene, BC, Vilnius, 28.06.2012.Print version
Algirdas Semeta, commissioner for taxation, customs, anti-fraud and audit, says that Lithuania would benefit from a widely used tax on financial transactions as proposed by the European Parliament.

Thursday he said to reporters in Brussels that at the moment the European Commission is waiting to hear from the member-states which had announced their willingness to take part in the enhanced cooperation procedure. The member-states have to show now at what extent they are ready to cooperate and what their goals are, writes LETA/ELTA.

 

"What concerns Lithuania, the country is on the list those member-states that said they would make a decision when they see a concrete proposal. Lithuania does not rule out a possibility of joining the enhanced cooperation procedure. Looking at the bigger picture, this is one of the symbols of the EU which should demonstrate how much member-states are ready for a closer cooperation. I believe that such country as Lithuania would win from an enhanced cooperation in the union. Therefore, given the scope of the financial sector in Lithuania, the tax would not be a big burden on it. This is a way for Lithuania to show its wish to cooperate more extensively," the commissioner said.

 

Semeta said that a total of 11 member-states support the financial transactions tax. Eurobarometer polls have revealed that 66 percent of Europeans are in favour of introducing the tax.






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