“EU countries lose approximately €1,000 billion with tax avoidance. If Finland would receive of this €1,000 billion 1 % in relation to its population in the EU, it would be €10 billion. The famous deficit would be fixed up. If tax avaidance is not restricted we continue to have deficits and budget cuts.”

— Satu Hassi

Variant: EU countries lose approximately €1,000 billion with tax avoidance. If Finland would receive of this €1,000 billion 1 % in relation to its population in the EU, it would be €10 billion. The famous deficit would be fixed up. If tax avaidance is not restricted we continue to have deficits and budget cuts.
Source: Satu Hassi: Veronkierto vai hyvinvointivaltio, Voima 10/213 In Finnish: EU-maiden arvioidaan menettävän veronkierron vuoksi 1000 miljardia euroa. - Jos Suomi saisi tuosta 1000 mrd eurosta prosentin, eli väestöosuutemme EU:ssa, se olisi 10 mrd. euroa. Kuuluisa kestävyysvaje olisi hoidettu. Ellei veronkiertoa suitsija, vajeista ja budjettileikkauksista päästä eroon.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "EU countries lose approximately €1,000 billion with tax avoidance. If Finland would receive of this €1,000 billion 1 % …" by Satu Hassi?

Satu Hassi2

Finnish politician and MEP 1951

Related quotes

“Such budget deficits are unsustainable. We must put a stop to smuggling - estimated by foreign institutions to be as much as $10 billion (as P480 billion) a year. The uncollected VAT alone would be over P50 billion.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

“I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

“Ending the estate tax would give a tax break of up to $63 billion to the Walton family and $39 billion to the Kochs—but $0 to 99.8% of Americans. At a time of record inequality, the very last thing we should do is line the pockets of the rich.”

Bernie Sanders (1941) American politician, senator for Vermont

Twitter post https://twitter.com/SenSanders/status/1090306548243550208 (29 January 2019) <br class="br">2010s, 2019, January 2019

“As one of our colleagues recently put it, this Republican pledge of no new taxes is pure Bushlips. It's Bushlips when the president says 'No new taxes' and sends a budget requiring the Finance Committee to raise $20 billion in new revenues: $15 billion in taxes and $5 billion in user fees.”

Lloyd Bentsen (1921–2006) American politician

quoted in [24 March 1990, Paul, Taylor, Democratic Leaders Talk Tough on Taxes;President's Promise Not to Impose New Levies Is 'Pure Bushlips,' Sen. Bentsen Declares, The Washington Post, 0190-8286, A6, http://pqasb.pqarchiver.com/washingtonpost/access/72577580.html?FMT=ABS&FMTS=ABS:FT&date=Mar+24%2C+1990&author=Paul+Taylor&pub=The+Washington+Post+(pre-1997+Fulltext)&edition=&startpage=a.06&desc=Democratic+Leaders+Talk+Tough+on+Taxes%3BPresident%27s+Promise+Not+to+Impose+New+Levies+Is+%60Pure+Bushlips%2C%27+Sen.+Bentsen+Declares]
alluding to George H. W. Bush's pledge “Read my lips: no new taxes” while accepting the presidential nomination at the 1988 Republican National Convention

“Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

“In any case of the budget deficit the private sector of the economy receives more from government expenditure than it pays in taxes.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

“A new drug takes some 10 to 20 years and around US$1 billion to US$2 billion to develop.”

Li Chia-wei (1953) Taiwanese professor

Li Chia-wei (2020) cited in " WUHAN VIRUS/Use of HIV medication to be investigated as coronavirus treatment https://focustaiwan.tw/sci-tech/202002050004" on Focus Taiwan, 5 February 2020.

“We as a non-EU country now have to protect Europe from an EU country - that is, Greece. We already had to spend €25 million in tax money. We already declared a state of emergency. And what have we received from Europe? Nothing! Not a single cent.”

Gjorge Ivanov (1960) President of Macedonia

Mr Ivanov said Macedonia was simply “paying for the mistakes of the EU”, quoted on Independent, Refugee crisis: Macedonia tells Germany they've 'completely failed' http://www.independent.co.uk/news/world/europe/macedonia-tells-germany-youve-completely-failed-a6927576.html, March 12, 2016.

“Björn Wahlroos declared as freedom the most rich persons tax declines and cuts in everything beneficial for the poor. Nokia applies the freedom of Wahlroos. Year 2010 Nokia paied taxes in Finland €1.5 million while three years earlier it paid almost a thousand fold €1.3 billion.”

Satu Hassi (1951) Finnish politician and MEP

Economy
Source: Nallen ja Nokian vapaus Voima 4/2012 page 11 Björn Wahlroos julisti vapaudeksi kaikkein upporikkaimpien veronkevennykset ja leikkaukset kaikkeen siihen, mistä köyhät hyötyvät. Nokia soveltaa Wahlroos vapautta. Vuonna 2010 Nokia maksoi Suomeen veroja 1,5 miljoonaa, kolme vuotta aikaisemmin melkein tuhatkertaisesti 1,3 miljardia. Sillä on väliä, onko yritysverotuksella EU-maissa yhtenäiset säännöt vai ei. Ylikansalliset firmat voivat kikkailla hyödyntämällä eri maiden verotuksen eroja. Kikkailun laillisuutta on vaikea tarkistaa, koska veroviranomaiset eivät julkista tietoja siitä, minne firma veronsa maksaa.

“So that as I tried to say in my speech, we are not faced with the question of balancing our budget, or having a tax reduction. I believe we are faced with the fact that we are going to have a deficit mostly because of the sharp rise in the recent years in space and defense, and to increase our taxes sufficient to bring that budget into balance would be defeating, because of course it would provide a heavy deflationary effect on our economy, and move us into a recession at an accelerated rate.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Help us to complete the source, original and additional information

Satu Hassi2

Related quotes

Related topics