5 Amendments of Philippe BOULLAND related to 2011/0261(CNS)
Amendment 5 #
Proposal for a directive
Recital 1
Recital 1
(1) The recent financial crisis has led to debates at all levels about a possible additional tax on the financial sector and in particular a financial transactions tax (FTT). This debate stems from the desire to ensure the financial sector contribute to covering the costs of the crisis and that it is taxed in a fair way vis-à-vis other sectors for the future; to dis-incentivise excessively risky activities by financial institutions; to regulate speculation on commodities and foodstuffs; to complement regulatory measures aimed at avoiding future crises and to generate additional revenue for general budgets or specific policy purposesies, such as development aid policy.
Amendment 10 #
Proposal for a directive
Recital 12
Recital 12
(12) In order to concentrate the taxation on the financial sector as such rather than on citizens and because financial institutions execute the vast majority of transactions on financial markets, the tax should apply to those institutions, whether they trade in their own name, in the name of other persons, for their on own account or for the account of other persons. The Member States should ensure, in particular, that institutions do not indirectly pass on to their clients the cost constituted by their annual liability under the FTT.
Amendment 11 #
Proposal for a directive
Recital 16
Recital 16
(16) In order to allow the adoption of more detailed rules for determining whether certain financial activities constitute a significant part of an undertaking's activity, so that the undertaking can be considered a financial institution for the purposes of this Directive, as well as more detailed rules regarding protection against tax evasion, avoidance and abuse, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of specifying the measures necessary to this effect. It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, including at expert levelparticularly with experts, NGOs and other stakeholders. The Commission, when preparing and drawing-up delegated acts, should ensure a timely and appropriate transmission of relevant documents to the European Parliament and the Council.
Amendment 15 #
Proposal for a directive
Article 16 – paragraph 1
Article 16 – paragraph 1
Every fivthree years and for the first time by 31 December 2016, the Commission shall submit to the European Parliament and the Council a report on the application of this Directive and, where appropriate, a proposal for its modification.
Amendment 16 #
Proposal for a directive
Article 16 – paragraph 2
Article 16 – paragraph 2
In that report the Commission shall, at least, examine the impact of the FTT on the proper functioning of the internal market, the financial markets and the real economy, on speculation on commodities and foodstuffs and on the fight against tax havens, and it shall take into account the progress on taxation of the financial sector in the international context.