8 Amendments of Luke Ming FLANAGAN related to 2016/2033(INI)
Amendment 2 #
Draft opinion
Recital C
Recital C
C. whereas VAT fraud typologies are multifaceted, evolving and concern many economic sectors, and correlativelythus require swift adaptation of the relevant legislation in order to move towards a sustainable and simple VAT tax system enabling the prevention of the fraud phenomenon and the potential loss of tax revenue;
Amendment 4 #
Draft opinion
Recital E
Recital E
E. whereas the protection of the financial interests of the EU is a key element of the EU policy agenda to strengthen and increase the confidence of its citizens;
Amendment 10 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Reminds the Commission that VAT is a regressive tax, affects low- income groups hardest, and thus reminds both the Commission and Member States that in setting rates for goods that are much used by those low-income groups, they should be cognizant of this fact;
Amendment 11 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Reminds the Commission that there is a threshold beyond which both customer and supplier believes it is worth the risk to create a 'black' market for VAT-evading goods and services;
Amendment 12 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2 c. Reminds the Commission that legislation that cannot be enforced can end up being counter-productive and in the case of VAT-evading goods and services, can create a situation where a) such goods and services are uncontrolled and unregulated, leading to inferior, dangerous and even lethal products and b) the criminal supplier of such goods and services are enriched and empowered;
Amendment 13 #
Draft opinion
Paragraph 2 d (new)
Paragraph 2 d (new)
2 d. Thus calls on the Commission to consider the establishment of an expert advisory group to examine all the above with a view to agreeing those 'threshold' rates across all Member States;
Amendment 17 #
Draft opinion
Paragraph 3
Paragraph 3
3. Reminds the Commission to act on enhancing the effectiveness of VAT tax systems and on ensuring better compliance with VAT rules; welcomes the application of the ‘country of destination’ of the goods as the underlying principle of the definitive EU VAT system which will lead to the reduction of cross-border VAT fraud by an estimated EUR 40 billion per year; encourages the Commission to amend the VAT Directive to hold the importer jointly liable for VAT loss in the Member State of destination;
Amendment 35 #
Draft opinion
Paragraph 9
Paragraph 9
9. Points out that the VAT gap and the estimated losses on VAT collection within the Union amounted to an estimated EUR 170 billion in 2015; calls on the Commission to make full use of its executive powers in order to both control and help the Member States; points out that effective action to reduce the VAT gap requires a concerted and multidisciplinary approach as this gap results not only from fraud but from a combination of factors, including bankruptcy and insolvency, statistical errors, late payment, tax evasion and tax avoidance;