22 Amendments of Isabel BENJUMEA BENJUMEA related to 2021/2201(INI)
Amendment 8 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas the number of users of crypto assets grew from 5 million to 300 million, since 2016; whereas the number of different types crypto assets is growing and already surpasses 16.000; whereas there are almost 700 crypto assets service providers; whereas cryptocurrencies have a market capitalisation of EUR 1.6 trillion, after a peak of EUR 2.5 trillion in October 2021; whereas 25% os this market is linked to Europe; whereas these figures shows that there is the need to create a clear, certain and transparent legal framework;
Amendment 28 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
F a. whereas 5 out 27 Member States have specific legal provisions on the taxation of crypto assets; whereas 19 out of 27 Member States have administrative guidance on the taxation of crypto assets;
Amendment 32 #
Motion for a resolution
Recital G a (new)
Recital G a (new)
G a. whereas there is no international instrument regarding the taxation of crypto assets and that there is a wide spectrum of approaches to this matter, by different countries; whereas the limits to the possession or transaction of crypto assets are common in autocratic countries; whereas the European Union must lead the way to more financial freedom for citizens, both within and outside its borders, in the relevant international platforms;
Amendment 34 #
Motion for a resolution
Recital G b (new)
Recital G b (new)
G b. whereas the OECD identifies, in its 2020 report on the taxation of virtual currencies, a number of material points to address, namely the definition of taxable event, the forms of income that are associated with virtual currencies, how taxation can be adjusted to the nature and dynamics of crypto-assets in order to capture profits in a fair and efficient manner, among other aspects;
Amendment 35 #
Motion for a resolution
Recital G c (new)
Recital G c (new)
G c. whereas global economy is becoming increasingly decentralised and digitalised and the principles underpinning the current international tax framework are progressively being outdated, and can no longer ensure that profits are taxed where economic activities generating the profits are performed and where value is created;
Amendment 36 #
Motion for a resolution
Recital G d (new)
Recital G d (new)
G d. whereas crypto assets can be used, among other specific purposes, to be used as an investment product, to be used as a payment method or to be managed as a professional activity; whereas the tax consequences of different uses have to be adapted for the specific reality of each taxable event;
Amendment 52 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
J a. whereas international digital taxation clear guidelines are essential for a fair and efficient taxation system that, if efficiently implemented by the Member States, could achieve beneficial reforms through reducing administrative costs and time, lowering barriers to entry and ensuring certainty and stability, which are prerequisites for competitiveness, as well as for bridging gaps among companies, especially for small and medium-sized enterprises;
Amendment 57 #
Motion for a resolution
Recital J b (new)
Recital J b (new)
J b. whereas this Parliament already underlined that "current international corporate tax rules are no longer suitable in the context of digitalisation and globalisation of the economy" and that "developments in digitalisation and a stronger reliance on intangible assets and their increase in value chains, create prospects and challenges in terms of traceability of economic operations and taxable events, including enabling of tax avoidance practices, especially when these operations are cross-border or take place outside the Union"1a; _________________ 1a European Parliament resolution of 10 March 2022 with recommendations to the Commission on fair and simple taxation supporting the recovery strategy (EP follow-up to the July Commission’s Action Plan and its 25 initiatives in the area of VAT, business and individual taxation) (2020/2254(INL))
Amendment 78 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Recognizes that the impact of new technologies, such as blockchain, on tax matters, comprehend different layers of approach depending on the focus on direct taxation (withholding taxation, for example), indirect taxation (VAT or custom duties) or compliance; advises the Commission to take into consideration the specificities of each dimension; calls on the Commission to evaluate the opportunity to integrate blockchain-based solutions on the exchange of information platforms, in order to promote real-time auditing and exchange of information;
Amendment 81 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Underlines the added-value of the EU Heads of Tax Administrations (TADEUS) network contribution on the context of the debate on the impact of new technologies on the work of national tax authorities; calls, therefore, the Commission, to involve this network on the design of a special training programme for tax administrations staff on the use of new technologies for the combat against tax fraud and evasion; recalls that such a programme must be integrated in the activity of Fiscalis;
Amendment 84 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Recalls its proposal for a Commission initiative on a "standard for online reporting of data for (in the first instance) cross-border Union trade, preferably by using data from e-invoicing (or from an alternative, but keeping the principle that the data must be provided only once), including efficient and highly secure centralised/decentralised data processing for detection of fraud", underlining that the "use of blockchain (or alternative) technology can be considered and schemes based on common Union standards could be operated by private suppliers"1a. _________________ 1a European Parliament resolution of 10 March 2022 with recommendations to the Commission on fair and simple taxation supporting the recovery strategy (EP follow-up to the July Commission’s Action Plan and its 25 initiatives in the area of VAT, business and individual taxation) (2020/2254(INL))
Amendment 87 #
Motion for a resolution
Paragraph 6 b (new)
Paragraph 6 b (new)
6 b. Insists on its call on the Member States "to continue reforming tax authorities, to speed up digitalisation and to start implementing strategic approaches to support SMEs with tax compliance as well as to identify opportunities for burden reductions"1a _________________ 1a European Parliament resolution of 15 February 2022 on the impact of national tax reforms on the EU economy (2021/2074(INI)
Amendment 88 #
Motion for a resolution
Paragraph 6 c (new)
Paragraph 6 c (new)
6 c. Calls on the Commission to explore all the opportunities created by the European Blockchain Services Infrastructure (EBSI) to national tax authorities, mainly in the area of VAT compliance, in full respect of the highest standards of data protection and privacy, with the aim of comprehending multiple and innovative blockchain protocols and with the mission of assisting national tax administrations on their adaptation to the use of such technologies;
Amendment 89 #
Motion for a resolution
Paragraph 6 d (new)
Paragraph 6 d (new)
6 d. Recalls the importance of the European Tax Identification Number (TIN) and calls on the Commission to evaluate the added-value of the use of blockchain-based technologies to assure a proper cross-border tax identity, assuring high standards of data protection and privacy safeguard;
Amendment 94 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Notes the European Commission objective of alleviating the tax-associated burden in cross-border investment as one of the key action points in its communication "A Capital Markets Union for people and businesses-new action plan"1a _________________ 1a COM/2020/590 final
Amendment 95 #
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7 b. Notes that digital economy operators can engage in significant business activities in a Member State without establishing a physical presence there, and therefore taxes paid in one jurisdiction no longer reflect the value and profits created there; underlines, therefore the need to adapt the concept of permanent establishment, namely with a clear definition of virtual permanent establishment, in line with international standards; recalls, therefore, the importance of an effective transposition of pillar one of OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting;
Amendment 100 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Underlines the need to define, in a clear, stable and neutral way, the concept of crypto asset for tax purposes, having in regard that there are intrinsic differences between crypto-assets that require specific approaches; stands for the need to guarantee the systematic coherence between the several legal instruments that regulate or will regulate crypto assets (namely the Regulation on Markets in Crypto Assets, the Transfer of Funds Regulation, the Directive on Administrative Cooperation and other Anti-Money Laundering related initiatives, for example) and, most important, the legal certainty and stability required to attract, retain and promote investment in Europe;
Amendment 122 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Calls on the Member States to engage in the debate on the role of tax exemptions on digital assets individual gains, as a way to benefit from the tax generated from professional crypto traders and firms operating within European jurisdictions;
Amendment 125 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13 b. Calls on the Commission to confirm, after a careful technical assessment, whether crypto-assets and e- money services could be included in the rollback of the VAT exemption for financial services, in the context of the legislative proposal to be presented in 2023;
Amendment 132 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Considers that the lack of an international agreement on taxation of crypto assets is an obstacle for an intelligent and future-driven approach by the European Union and its Member States; recalls that any legislative initiative must consider this absence of an internationally agreed approach and aim to promote the competitiveness of our companies, instead of creating barriers to investment, job creation and innovation in the financial sector;
Amendment 143 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Calls on the Commission to consider the outcome of the OECD public consultation on "Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard" in the context of DAC8 revision, that must be considered a priority on tax matters;
Amendment 144 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16 b. Stresses the importance of guaranteeing that a future revision of the Directive on Administrative Cooperation (DAC8) will complement reporting obligations under other legal instruments, by helping authorities to automatically exchange data about crypto-assets and e- money, so they can assess income and revenue from investments and payments using crypto assets and e-money. Underlines the need to safeguard a systematic coherence that provides legal certainty to operators and technical guidance to national tax authorities;