14 Amendments of Isabel BENJUMEA BENJUMEA related to 2021/2097(INI)
Amendment 11 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas withholding taxes are a source of revenue for Member States and serve to collect revenue which is used to finance public expenditure;
Amendment 12 #
Motion for a resolution
Recital A b (new)
Recital A b (new)
A b. whereas the EU committed itself to completing the Capital Market Union project and to fostering a genuine European market that incentivises cross- border operations; whereas putting an end to the problems arising from burdensome withholding tax relief procedures should be a priority in order to achieve the Capital Market Union; whereas the European Parliament’s position on the Capital Market Union is set out in its resolution of 8 October 2020 on developing the Capital Markets Union (CMU): improving access to capital market finance, in particular by SMEs, and further enabling retail investor participation (2020/2036(INI));
Amendment 22 #
Motion for a resolution
Recital D
Recital D
D. whereas withholding taxes can reduce the risk of tax evasion and avoidance, thus remaining a reliable policy tool until thebut can also lead to the undesirable effect of double taxation, it is necessary to speed up the process of implementation ofing the above-mentioned agreement by the G20/OECD Inclusive Framework on BEPS in order thus to eliminate all the problems of this transition process;
Amendment 56 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that despite continuous efforts, the system of withholding taxes in the EUbetween Member States has remained largely fragmented, creating loopholes and legal uncertainty which could be abused to shift profits, which could result in the undesired effect of double taxation and barriers to cross-border investments in the single market;
Amendment 61 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the agreement reached by the G20/OECD Inclusive Framework on a two-pillar reform, including a global minimum effective tax rate; considers this an important step towards ending the practice of shifting profits to low-tax make free tax competition fairer between jurisdictions and to ensure companies pay the taxes due in each jurisdictions; regrets the fact that the scope is limited to multinational enterprises with a global consolidated turnover of at least EUR 750 million; considers it also necessary to reflect on the overall maximum effective tax rate;
Amendment 68 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. . Is pleased that 136 countries and jurisdictions have supported the G20/OECD Inclusive Framework agreement on a two-pillar reform; regretwelcomes the fact that one Member State is not part of the Inclusive Frameworkall G20 members, all OECD members and all EU Member States are parties to the agreement;
Amendment 73 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Regrets the fact that base erosion and profit shifting are still ongoing and are facilitated by the tax regimes of certain Member StatesNotes that a simple, coherent and fair tax system is a key factor for commercial success and for improving the EU’s competitiveness because tax harmonisation based on widespread tax increases cannot be the only solution; recalls that the Commission, in the context of the European Semester and the assessment of the National Recovery and Resilience Plans, found that more reforms are needed in order to address aggressive tax planning in six Member States, where the absence or limited application of withholding taxes on outbound payments are likely to be misused for aggressive tax planning;
Amendment 81 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls on the Commission and the Member States to set up a harmonised withholding tax framework thatTakes note of the Commission’s announcement of a legislative initiative to introduce a common, standardised system at EU level for the reduction of withholding tax, accompanied by a mechanism for the exchange of information and cooperation between tax administrations; Calls on the Commission and the Member States to negotiate the setting up of a common, standardised system of withholding tax that, while respecting the Member States’ freedom to set their own tax systems, ensures that all dividend, interest and royalties payments flowing outgenerated in the EU are taxed at a minimum effective tax rate;
Amendment 91 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recalls the proposal by 10 Member States to include an effective minimum tax rate for royalties and interest in the contextosition of the European Parliament on corporation tax :'Common system of taxation applicable to interest and royalty payments. European Parliament legislative resolution of 11 September 2012 ofn the IRD; urges the Council to swiftly resume and conclude the negotiations on the IRD and encourages the inclusion of such a measureproposal for a Council directive on a common system of taxation applicable to interest and royalty payments made between associated companies of different Member States (recast 2011/0314(CNS))' has been blocked in the annCounced directive for the implementation of Pillar IIil since 2012 due to divergent views of Member States on the principle of introducing a clause on minimum effective taxation and its scope;
Amendment 99 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes that the lack of an effective minimum tax rate on dividend payments to shareholders has triggercreated a rspace to the bottom in this field; calls for the adopthat may have favoured tax avoidance, asks the Commission ofor an effective minimum tax rate for dividend payments to shareholders in the EU,analysis and legislative proposal to address this issue thereby reducing harmful tax competition in this realm;
Amendment 115 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Welcomes the inquiry and final report by the European Securities and Markets Authority into cum-ex, cum-cum and withholding tax reclaim schemes, as requested by Parliament; calls on the Commission to propose measures to link tax reclaims to the underlying distribution of dividends, or to entrust a single entity with responsibility for collecting the withholding tax and issuing the relevant certificate; extend coordination in the exchange of mandatory information to capital gains tax and withholding tax (including dividend tax), in addition to the existing exchange of information on corporation tax;
Amendment 125 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Calls on the Commission to enhance cooperation and mutual assistance between tax authorities, financial market supervisory authorities and, where appropriate, law enforcement bodies regarding the detection and prosecution of withholding tax reclaim schemes; values the Commission’s efforts and Parliament’s initiatives to strengthen cooperation on taxation between Member States, for example with the Fiscalis programme;
Amendment 141 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Notes the Commission’s intention to put forward a proposal by the end of 2022 establishing a European withholding tax framework for dividend, interest or royalty payments, accompanied by a mechanism for the exchange of information and cooperation among tax administrations; recalls the Commission’s commitment to complete the Capital Market Union project, which is key to responding to many of the needs outlined in this report; calls on the Commission, in this connection and for 2022, to carry out an impact assessment of the implementation of the measures set out in the action plan launched in 2019;
Amendment 147 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Encourages the development of a harmonised EU procedure for withholding tax refunds for all Member Statescommon and standardised system of tax relief in the EU, thereby addressing the concerns about regulatory discrepancies;