Proposition 51K1609

Projet de loi contenant le plafonnement de la taxe sur les opérations de bourse.

General information ¶

Submitted by

PS | SP MR Open Vld Vooruit Purple Ⅰ

Submission date

Feb. 15, 2005

Official page

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Status

Adopted

Requirement

Simple

Subjects

tax stock-exchange transaction stock exchange

Voting ¶

Voted to adopt

Vooruit PS | SP Open Vld MR

Voted to reject

Ecolo

Abstained from voting

CD&V LE N-VA FN VB

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Discussion ¶

March 17, 2005 | Plenary session (Chamber of representatives)

Full source

Mr. Speaker, Mr. Minister, Ladies and Gentlemen, the committee discussed this bill on 2 March. For all clarity, I would like to inform all the colleagues present that this is about improving the program law that we approved at the end of 2004. The Minister then pointed out that a change was possible after consultation with the financial sector.

It may be clear to the colleagues that, given the crowd and the urgency with which the program law had to be adopted, a good consultation apparently was no longer possible. Indeed, after a quiet and reasoned consultation, the Minister proposed to the Committee on the existing stock tax ceilings not to abolish, but to double them, namely from 250 and 375 euros to 500 and 750 euros, respectively, with retroactive effect until 1 January 2004. In fact, there was a fear that the lifting of the ceilings would result in a capital flight abroad, just at a time when, thanks to the EBA effects, a lot of capital had returned to our country.

Articles 1 to 3 and the entire bill were adopted with ten votes in favour and four abstentions.

The repair will hopefully be a hint to do more construction next time or, as was said today in the German Parliament, more architecture than "repair". However, improving is nevertheless even better than persistence in anger. I thank the numerous attendees for their unwavering attention.

I would like to thank the rapporteur for her report. It speaks of an improvement, but it is of course also a repair of a program law of 2004. December 24, it is as if it happened yesterday.

The rapporteur also referred to the potential effects, namely that large investors would move abroad to place their large orders on foreign exchanges. I do not really understand that program laws are handled quickly and for that reason the consultation of the financial sector is left aside. It is, of course, easy to say later: look, we have consulted the sector and that has pointed us to a perverse effect, so we need to re-adjust the law. The rapporteur calls it improvement, but I still assert, Mr. Speaker, that this does not really testify to good governance, let alone to good and pre-meditated legislative work.