BETA

17 Amendments of Caroline NAGTEGAAL related to 2018/2121(INI)

Amendment 167 #
Motion for a resolution
Paragraph 16
16. Takes note of the statement made by the French Finance Minister at the TAX3 meeting of 23 October 2018 regarding the need to discuss the concept of minimum taxation; welcomes the readiness by France to include the debate on minimum taxation as one of the priorities of its G7 Presidency in 2019;
2018/12/20
Committee: TAX3
Amendment 279 #
Motion for a resolution
Paragraph 33
33. Welcomes the re-launch of the CCCTB project in a two-step approach, with the Commission’s adoption of interconnected proposals on CCTB and CCCTB; calls on the Council to swiftly adopt them, taking into consideration Parliament’s opinion that already includes the concept of virtual permanent establishment that would close the remaining loopholes allowing tax avoidance to take place and level the playing field in light of digitalisation;deleted
2018/12/20
Committee: TAX3
Amendment 302 #
Motion for a resolution
Paragraph 34
34. Notes that the phenomenon of digitalisation has created a new situation in the market, whereby digital and digitalised companies are able to take advantage ofoperate in local markets without having a physical, and therefore taxable, presence in that market, creating a non-level playing field and putting traditional companies at a disadvantage; no; notes that the Commission states that digital businesses models in the EU face a lower effective average tax burden than traditional business models31 ; points to empirical evidence that finds, however, that the effective tax rate of digital companies at least comparable to that of traditional companies31a _________________ 31 As evidenced in the impact assessment of 21 March 2018 accompanying the digital tax package (SWD(2018)0081), according to which on average, digitalised businesses face an effective tax rate of only 9.5 %, compared to 23.2 % for traditional business models. 31a Copenhagen Economics. "The proposed EU Digital Services Tax", September 2018; Bauer, Dr. Matthias, "Digital Companies and their fair share of taxes: Myths and Misconceptions", ECIPE Occasional Paper 03/2018; Fuest, Dr. Clemens, "Die Besteuerung der Digitalwirtschaft" , August 2018; according to which the effective tax rate of digital companies lies between 20.9% and 29%
2018/12/20
Committee: TAX3
Amendment 314 #
Motion for a resolution
Paragraph 35
35. Welcomes the digital tax package adopted by the Commission on 21 March 2018; calls on the Council toNotes that the Commission has recognised the need to discuss the concept of a digital tax; calls on the Council to take careful note of the discussion and to actively advance a global solution on G20, OECD and UN-level based on the taxation of profits; swiftly adopt these proposals, taking into account Parliament’s opinion on them;
2018/12/20
Committee: TAX3
Amendment 326 #
Motion for a resolution
Paragraph 36
36. Understands that the so-called interim solution is not optimal; believes that it will help speed up the search for a better solution at global level, while levelling the playing field in local markets to some extent;Refers to the ECONFIN meeting of 4 December2018 during which the proposal to establish a digital services tax was discussed; points out that “at this stage a number of delegations cannot accept the text for political reasons as a matter of principle" 31b ; recalls that work is currently ongoing at the OECD to find a solution to taxing the digital economy that is in line with OECD principles and international law and can be agreed to by the G20 and UN; calls on the Commission presents a proposal to Parliament based on the OECD's proposal for a global solution; _________________ 31b Conclusions of the Economic and Financial Affairs Council, 04.12.2018, https://www.consilium.europa.eu/en/meeti ngs/ecofin/2018/12/04/
2018/12/20
Committee: TAX3
Amendment 392 #
Motion for a resolution
Paragraph 45
45. Stresses that the proposal for public CBCR was submitted to the co-legislators just after the Panama papers scandal on 12 April 2016, and that Parliament adopted its position on it on 4 July 2017; recalls that the latter called for an enlargement of the scope of reporting and protection of commercially sensitive information; deplores the lack of progress and cooperation from the Council since 2016; urges for progress to be made in the Council so that it enters into negotiations with Parliament;
2018/12/20
Committee: TAX3
Amendment 456 #
Motion for a resolution
Paragraph 54
54. Highlights that the high level of inward and outward foreign direct investment as a percentage of GDP in seven Member States (Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta, and the Netherlands) can only be partially explained by real economic activities taking place in these Member States;40 _________________ 40 Kiendl Kristo I. and Thirion E., An overview of shell companies in the European Union, EPRS, European Parliament, October 2018, p.23.deleted
2018/12/20
Committee: TAX3
Amendment 463 #
Motion for a resolution
Paragraph 55
55. Underlines that a high share of foreign direct investment held by special purpose entities exists in several Member States, particularly in Malta, Luxembourg and the Netherlands;41 _________________ 41 Kiendl Kristo I. and Thirion E., op. cit., p.23.deleted
2018/12/20
Committee: TAX3
Amendment 480 #
Motion for a resolution
Paragraph 57
57. Notes that the ATAD anti-abuse rules (artificial arrangements) cover letterbox companies, and that the CCTB and CCCTB would ensure that the income is attributed to where the real economic activity takes place;
2018/12/20
Committee: TAX3
Amendment 901 #
Motion for a resolution
Paragraph 138 a (new)
138 a. Calls on the Commission to closely monitor technological developments, assess technological risks and potential loopholes, support resilience to a cyberattack or a system breakdown, and promote data protection projects; encourages competent authorities and the Commission to develop stress testing for distributed ledger technologies applications;
2018/12/20
Committee: TAX3
Amendment 910 #
Motion for a resolution
Paragraph 139
139. Stresses that the FATF has recently highlighted the urgent need for all countries to take coordinated action to prevent the use of virtual assetcurrencies for crime and terrorism, urging all jurisdictions to take legal and practical steps to prevent the misuse of virtual assets73currencies1a ; reiterates its call for an urgent assessment by the Commission of the implications for money laundering and tax crimes involving e- gaming activities; _________________ 73 FATF, Regulation of virtual assets, 19 October 2018http://www.fatf- gafi.org/publications/fatfrecommendations/ documents/regulation-virtual-assets.html
2018/12/20
Committee: TAX3
Amendment 921 #
Motion for a resolution
Paragraph 140 a (new)
140 a. Notes that virtual currencies are used by retail investors as substitutes for other assets and that, unlike other financial instruments, virtual currencies are largely unregulated at present;
2018/12/20
Committee: TAX3
Amendment 944 #
Motion for a resolution
Paragraph 147
147. Is worried about the accelerating corporate tax race to the bottom worldwide in terms of nominal tax rate76 77 _________________ 76 The average corporate income tax rate across the OECD dropped from 32.5 % in 2000 to 23.9 % in 2018. Overall, 22 of the 38 countries surveyed in the latest tax policy reform 2018 report from the OECD now have combined statutory corporate income tax rates equal to or below 25 %, compared with only six in 2000. Source: OECD and Selected Partner Economies, Tax Policy Reforms 2018. 77 It is also worth noting that the EU 28 are already well below this level, with an average corporate income tax rate in 2018 of 21.9 %, down from 32 % in 2000, according to the Commission: Taxation Trends in the European Union - Data for the EU Member States, Iceland and Norward, 2018 Edition (page 36) and Taxation Trends in the European Union - Data for the EU Member States, Iceland and Norward, 2015 Edition (page 147).deleted ;
2018/12/20
Committee: TAX3
Amendment 1100 #
Motion for a resolution
Paragraph 171
171. Notes that some experts consider that many tax treaties concluded by EU Member States currently in force restrict the tax rights of low and lower-middle income countries82 ; underlines that it is the prerogative of Member States to conclude tax treaties; _________________ 82 Action Aid, Mistreated Tax Treaties Report, February 2016:
2018/12/20
Committee: TAX3
Amendment 1255 #
Motion for a resolution
Paragraph 204
204. Reiterates its call on the Commission to use, if appropriate, the procedure laid down in Article 116 TFEU which makes it possible to change the unanimity requirement in cases where the Commission finds that a difference between the provisions laid down by law, regulation or administrative action in Member States is distorting the conditions of competition in the internal market;
2018/12/20
Committee: TAX3
Amendment 1261 #
Motion for a resolution
Paragraph 205
205. Welcomes the Commission’s intention to propose qualified majority voting for specific and pressing tax policy issues where vital legislative files and initiatives aimed at combating tax fraud, tax evasion, aggressive tax planning or financial crimes have been blocked in the Council to the detriment of Member States;deleted
2018/12/20
Committee: TAX3
Amendment 1274 #
Motion for a resolution
Paragraph 206
206. Stresses that all scenarios should be envisaged and not only shifting from unanimity to qualified majority voting through a passerelle clause; calls on the Commission to issue its proposal before the end of its current mandate, early 2019;deleted
2018/12/20
Committee: TAX3