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Labour MEPs refuse to block EU tax on pensions
Date 03/07/2013 19:06  Author webmaster  Hits 3030  Language Global
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"I am disgusted that the Labour Party refused to vote against an EU tax on pensions. Perhaps they could tell a few of their voters about this come election time. I would be delighted to hear the average pensioner's reaction to this great betrayal." - UKIP MEP Godfrey Bloom.

Given an opportunity today to vote against an EU tax on pensions, Labour MEPs abstained.

The Commission proposed that pensions be included in the scope of the Financial Transaction Tax.

Amendment 58 of the Podimata Report sought to remove this power.

UKIP, Tories and LibDems voted to remove pensions from the scope of the Directive and the FTT. A total of 225 MEPs voted in favour of Amendment 58, with 458 against and 23 abstentions.
Labour MEPs abstained (see vote results in link below).


The report by Anni Podimata was passed overwhelmingly today by the European Parliament.

Speaking after the vote UKIP economic spokesman Godfrey Bloom MEP said:

"I am disgusted that the Labour Party refused to vote against an EU tax on pensions.

"Perhaps they could tell a few of their voters about this come election time. I would be delighted to hear the average pensioner's reaction to this great betrayal. But perhaps that is what they have come to expect from Miliband's Labour Party

"Gordon Brown raided the working man's pension pot in his very first budget in 1997, and today (Wednesday) Labour MEPs were at it again when they were asked to vote on an EU Parliamentary amendment to the Financial Transaction Tax (FTT).  UKIP MEPs voted to keep pensioners from the grasping hands of Brussels, but Labour were happy to let the FTT put a tax on pension funds."

During the FTT debate, yesterday, Mr Bloom said:

"The heavily taxed average English man dreams of the day he can retire. But politicians will not let him go. We must steal his savings mustn't we with the Financial Transaction Tax. The poor sap doesn't even know we have nicked it.

"It is very hard for the lightly taxed commissioners to understand his distress."



Notes:
Results of roll-call votes (03.07.2013) - PDF
- See Amendment 58 (Page 94-95)


Text proposed by the Commission
(Article 2 – point 8 – point f)
(f) a pension fund or an institution for occupational retirement provision as defined in Article 6(a) of Directive 2003/41/EC of the European Parliament and of the Council, an investment manager of such fund or institution;

Amendment 58
A pension fund or an institution for occupational retirement provision as defined in Article 6(a) of Directive 2003/41/EC of the European Parliament and of the Council on the activities and supervision of institutions for occupational retirement provision, an investment manager of such fund or institution, or an entity set up for the purpose of investment of such funds or institutions acting solely and exclusively in the interest of such funds or institutions, shall not be considered a financial institution for the purpose of this Directive.

» Commission Proposal for a COUNCIL DIRECTIVE implementing enhanced cooperation in the area of financial transaction tax (EUR-Lex)
www.ukip.org
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