10 Amendments of Thomas MANN related to 2015/2010(INL)
Amendment 3 #
Motion for a resolution
Recital A
Recital A
A. whereas a consortium of journalists, the International Consortium of Investigative Journalists (ICIJ), on tax rulings and other harmful practices in Luxembourg (LuxLeaks) revealed in November 2014 that nearly 340 multinational companies secured secret deals from Luxembourg that allowed many of them to slash their global tax bills to a minimum, to the detriment of EU public interest, while creating little or no economic activity within Luxembourg;
Amendment 9 #
Motion for a resolution
Recital B
Recital B
B. whereas the revelations showed that tax advisors have helped multinational companies deliberately, and in a targeted fashion, to obtain at least 548 tax rulings in Luxembourg between 2002 and 2010; whereas those secret deals feature complex financial structures designed to create substantial tax reductions; whereas the tax rulings provide written assurance that multinational companies’ tax-saving plans would be viewed favourably by Luxembourg authorities;
Amendment 13 #
Motion for a resolution
Recital C
Recital C
C. whereas, as a result of those tax rulings, somea large number of companies have enjoyed effective tax rates of less than 1 % on the profits they have shifted into Luxembourg;
Amendment 26 #
Motion for a resolution
Recital E
Recital E
E. whereas the investigations carried out under the TAXE Committee revealed that the practice of tax rulings does not exclusively take place in Luxembourg but is common acrossthroughout the Union; whereas the practice of tax rulings can be used legitimately to provide legal certainty for business, but is nevertheless open to potential abuse and is extremely disadvantageous to small and medium- sized enterprises (SME); whereas regard is had to the report from the Organisation for Economic Cooperation and Development (OECD) published on 12 February 2013 entitled ‘Addressing Base Erosion and Profit Shifting’ proposed new international standards to combat base erosion and profit shifting (BEPS); whereas regard is also had to the Communiqué issued following the Meeting of Finance Ministers and Central Bank Governors of the G20 which took place on [to be inserted];
Amendment 43 #
Motion for a resolution
Recital J
Recital J
J. whereas the loss arising from BEPS also clearly demonstrates the lack of a level playing- field between those companies which operate only in one country and pay their taxes there, and certain multinational companierporations which are able to shift profits from high tax to specific low tax jurisdictions and engage in aggressive tax planning, thereby reducing their overall tax base and placing additional pressure on public finances to the detriment of EU citizens and SMEs;
Amendment 45 #
Motion for a resolution
Recital J
Recital J
J. whereas the loss arising from BEPS also clearly demonstrates the lack of a level playing- field between those companiecorporations which operate only in one country and pay their taxes there, and certain multinational companierporations which are able to shift profits from high tax to low tax jurisdictions and engage in aggressive tax planning, thereby reducing their overall tax base and placing additional pressure on public finances;
Amendment 52 #
Motion for a resolution
Recital L
Recital L
L. whereas aggressive tax planning is facilitated by increasing business complexity and by the digitalisation and globalisation of the economy, among other factors, leading to distortions of competition harmful to Union undertakingsin the long term to Union SMEs in particular and to growth;
Amendment 68 #
Motion for a resolution
Recital P
Recital P
P. whereas the lack of coordinated tax policies in the Union leads to significant cost and administrative burden for citizens and businesses operating cross-border within the Union, - even more so for SMEs - and results in unintended non-taxation or facilitates aggressive tax planning;
Amendment 83 #
Motion for a resolution
Recital T – introductory part
Recital T – introductory part
T. whereas increased transparency in the area of corporate taxation can improve tax collection, make the work of tax authorities more efficient or can increase public confidence in tax systems and governments, and that should be adopted as a long-term objective;
Amendment 147 #
Motion for a resolution
Recital U – point ii
Recital U – point ii
(ii) whereas despite the work of the Code of Conduct Group on harmful corporate taxation, aggressive tax planning measures continue to exist throughout the Union; whereas therefore the efficiency and functioning of the Group needs to be improved and made more transparent;