1773 Amendments of Lídia PEREIRA

Motion for a resolution
Recital B a (new)

Ba. whereas, despite this downward trend, the inflation rate continues to be an average of a diversity of situations that vary from between rates of 0% and 4.3% from country to country; whereas this diversity is also seen across the various segments of the HICP;

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Recital I

I. whereas the ECB ~~is accountable to Parliament as the EU institution representing EU citizen~~must seek to maintain fair and transparent cooperation with Parliament as the EU institution representing EU citizens; whereas this cooperation has been maintained at the highest level, with the regular organisation of the Monetary Dialogue, the ECB President's regular appearances at Parliament plenary sittings and various visits and meetings between Members of Parliament and ECB board members;

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 7

7. Warns the ECB against the temptation to lower interest rates too quickly, given the risk that inflation levels could start increasing again; stresses that the ECB itself expects a temporary increase in inflation levels in the last quarter of 2024 as previous sharp falls in energy prices drop out of the annual rates;deleted

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 9

9. Recalls that prudent fiscal policies by the Member States can complement the ECB’s efforts to keep inflation low and thereby to protect incomes; highlights that addressing excessive public deficit and debt levels in a proportional and gradual manner that is appropriate to the situation in each country, is crucial to maintaining a stable economy and sustainable growth;

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 10

10. Expresses concern about the high levels of government debt and deficits ~~with~~in the ~~Member States and the risks of fiscal dominance that this entails~~euro area and recalls the differences in situation from country to country in this regard; takes good note of the downward trend in public debt in some Member States; takes good note of the forecast budget surplus in at least one Member State;

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 13

~~13. Regrets that it has taken the ECB more than three years to achieve a level of inflation that is commensurate with its target level of 2 %;~~deleted

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 14

14. Stresses that the ECB was late to act when inflation started rising in January 2021 and surpassed the 2 % target level in July 2021; recalls in this regard the ECB’s assessment that inflation was expected to be only transitory;deleted

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 15

15. Invites the ECB to fundamentally review and improve its models, communication and their role in its policymaking in light of the ~~subpar performance of the models in recent years~~fact that the models have been criticised;

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 16

~~16. Supports the ECB’s decision to scale back its asset purchase programmes, in view of the excess liquidity in the market and decreased levels of inflation;~~deleted

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 17

17. Stresses that the ECB’s purchase programmes are unconventional policies that amount, in economic terms, to monetary financing, which is prohibited under Article 123(1) TFEU, if the ECB does not shrink back its balance sheet; calls on the ECB to therefore gradually reduce the size of its balance sheet;deleted

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 18

18. Regrets the establishment of the transmission protection instrument (TPI) in July 2022; calls on the ECB to respect not just the legal prohibition of monetary financing but also its economic meaning; stresses in this regard that selectively purchasing government debt amounts to monetarily financing an EU Member State;deleted

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 19

19. Stresses that diverging interest rates in the euro area are generally the result of different risk premia on government bonds; stresses that purchases under the TPI would merely conceal the symptoms of loose fiscal policy; calls on Member States to conduct responsible fiscal policies and ensure sustainable debt levels;deleted

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 19 a (new)

19a. Takes good note of the impact of the ECB's monetary policy on the real economy, namely on loans held by citizens and companies; hopes that the downward trend in and stabilisation of inflation rates will allow a process of monetary policy normalisation to continue, thus alleviating the burden on households;

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 20

20. ~~Welcom~~Notes the ECB’'s ~~progress~~work on the digital euro project and its ongoing dialogue with Parliament; highlights the expected benefits, such as enhanced strategic autonomy, improved financial inclusion and the availability of an offline back-up payment system; takes the view, however, that this project should take into account developments in the reform of payment services in Europe, in particular adoption of the first Payment Services Regulation and the third Payment Services Directive; considers, furthermore, that the digital euro project should be more widely debated, not only with the European Parliament but also with civil society and, in particular, stakeholders in the economy;

2024/11/13
Committee: ECON

2024/2054(INI)

Motion for a resolution
Paragraph 30 a (new)

30a. Notes that the ECB's positions and decisions have been misunderstood by the public on several occasions; considers it important, in this regard, to develop an appropriate communication policy: further believes that the ECB should cooperate with the European institutions, national authorities and civil society to promote financial literacy;

2024/11/13
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 3 – paragraph 3

3. Each Member State shall notify to the Commission the measures adopted pursuant to paragraph 1 no later than [date: 152 months after entry into force]. Member States shall thereafter notify the Commission of any amendment to their screening mechanism within 30 days of the adoption of the amendment.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 3 – paragraph 4

4. The Commission shall make publicly available a list of Member States’ screening mechanisms no later than 3 months after having received all the notifications referred to in paragraph 3 or by [date: 218 months after entry into force], whichever occurs first. The Commission shall keep that list up to date.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 4 – paragraph 2 – point a

(a) adequate procedures shall be provided for the screening authority to determine whether it has jurisdiction over a foreign investment filed for authorisation and to carry out an initial review followed by, where necessary, an in-depth investigation to determine whether that foreign investment is likely to negatively affect security or public order. The purpose of the in-depth investigation shall be, in particular, to determine, without undue delay, whether a screening decision as referred to in Article 14(1) is appropriate and to determine its content.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 4 – paragraph 2 – point c

(c) the screening authority shall be empowered to start screening foreign investments by its own initiative for at least 158 months after the completion of a foreign investment that is not subject to an authorisation requirement where the screening authority has grounds to consider that the foreign investment may affect security or public order;

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 4 – paragraph 3

3. Before taking a decision to authorise a foreign investment subject to mitigating measures or to prohibit a foreign investment, Member States shall inform the applicant requesting an authorisation at the earliest possible and state the reasons on which they intend to take their decision, subject to the protection of information the disclosure of which would be contrary to the security or public order interests of the EU or one or more of the Member States and without prejudice to Union and national law concerning the protection of confidential information. Member States shall give the foreign investor the opportunity to make their views known before taking such decision.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 5 – paragraph 2

2. Member States shall notify, at the earliest possible, the Commission and the other Member States of any foreign investment in a Union target established in their territory where they initiate an in- depth investigation under their screening procedures. Furthermore, Member States shall notify, at the earliest possible, the Commission and the other Member States of any foreign investment in a Union target established in their territory, in exceptional cases, where they intend to impose a mitigating measure or to prohibit the transaction without an in-depth investigation.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 8 – paragraph 3 – subparagraph 1 – point a

(a) where a Member State reserves its right to issue comments on a notified foreign investment without requesting additional information from the notifying Member State, the respective comments shall be addressed to the notifying Member State via the secure and encrypted system referred to in Article 12(4) no later than 350 calendar days following receipt of the complete notification of the foreign investment;

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 8 – paragraph 3 – subparagraph 1 – point c

(c) where a Member State reserves its right to issue comments on a notified foreign investment and requests additional information from the notifying Member State, the respective comments shall be addressed to the notifying Member State via the secure and encrypted system referred to in Article 12(4) no later than 2015 calendar days following receipt of the complete additional information;

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 8 – paragraph 9

~~9. All deadlines set out in this Article shall be suspended between 25 December and 1 January and shall resume on 2 January.~~deleted

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 9 – paragraph 2

2. Member States shall be granted at least 158 months, after the foreign investment has been completed, the right to open the procedure set out in paragraph 1, provided the respective foreign investment has not been notified to the cooperation mechanism in the meantime.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 9 – paragraph 4

4. The Commission shall be granted at least 158 months, after the foreign investment has been completed, to open the procedure set out in paragraph 3, provided the respective foreign investment has not been notified to the cooperation mechanism in the meantime.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 9 – paragraph 7 – point a

(a) the comments by Member States or the opinion by the Commission shall be sent no later than 350 calendar days following receipt of the complete information requested pursuant to paragraph 5.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 14 – paragraph 1 – subparagraph 2 a (new)

The screening decision must be timely and clearly communicated to the foreign investor, guaranteeing the possibility to seek judicial recourse against that screening decision.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 18 – paragraph 1

1. The Commission shall evaluate the functioning and effectiveness of this Regulation 52 years after the date of application of this Regulation and every 52 years thereafter and present a report to the European Parliament and to the Council. Member States shall be involved in this exercise and, if necessary, provide the Commission with additional information for the preparation of that report.

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 18 – paragraph 2

~~2. Where the report from the Commission recommends amendments to this Regulation, it may be accompanied by a legislative proposal.~~deleted

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 23 – paragraph 1

Regulation (EU) 2019/452 is repealed with effect from [date: 152 months after entry into force].

2024/12/05
Committee: ECON

2024/0017(COD)

Proposal for a regulation
Article 24 – paragraph 2

It shall apply from [date: 152 months after entry into force].

2024/12/05
Committee: ECON

2023/2636(RSP)

Citation 11 a (new)

— having regard to Regulation (EU) 2018/1999 on the governance of the energy union and climate action;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Citation 11 b (new)

— having regard to the Commission proposal of 15 December 2021 for a regulation of the European Parliament and of the Council on methane emissions reduction in the energy sector and amending Regulation (EU) 2019/942;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Citation 15 a (new)

— having regard to the UN Water Conference and the 2023 United Nations World Water Development Report on Partnerships and cooperation for water of 22 March 2023;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Citation 33 a (new)

— having regard to the European Council conclusions of 23 March 2023 (EUCO 4/23);

2023/07/04
Committee: ENVI

2023/2636(RSP)

Recital C a (new)

Ca. whereas proactive planning significantly improves the chance of delivering a more efficient and less costly future carbon-free energy system;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Recital D a (new)

Da. whereas the Intergovernmental Panel on Climate Change (IPCC) published in its Sixth Assessment Report the finding that deep reductions in anthropogenic methane emissions are needed by 2030 to stay below 1,5° C;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Recital E

E. whereas the climate, pollution and biodiversity crises are interlinked, exacerbate each other and should be urgently tackled together, in the broader context of achieving the Sustainable Development Goals (SDGs);

2023/07/04
Committee: ENVI

2023/2636(RSP)

Recital G a (new)

Ga. whereas the European Council recognises the need for enhanced EU and global action on water and underlines the importance of a strategic EU approach to water security; whereas the UN world water development report 2023 recognises as good practice the water-oriented living labs to cooperate towards a Water-Smart Society, further efforts and visibility are required on water-related challenges and solutions both in terms of quality and quantity to contribute to climate change mitigation and adaptation;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Recital H

H. whereas the Glasgow Climate Pact and the Sharm el-Sheikh Implementation Plan recognises the important role of non- Party stakeholders in contributing to progress towards the goals of the Paris Agreement;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Recital H a (new)

Ha. whereas the IPCC Sixth Assessment Report made clear that carbon capture and storage is a critical decarbonisation strategy in most mitigation pathways;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 1 a (new)

1a. Emphasises that climate risks will be magnified by any delay in providing effective measures to mitigate and adapt to climate change, therefore resulting in increasing loss and damages;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 3

3. Underlines that the first GST is a key process for enhancing the collective ambition of climate action and support; Calls on Parties to undertake the GST seriously by moving from pledges to planning and committing to truly pursue the change needed to secure a zero- carbon, climate-resilient and equitable future; Emphasises that climate risks will be magnified by any delay in providing effective measures to mitigate and adapt to climate change, therefore resulting in increasing loss and damages;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 4 a (new)

4a. Welcomes the intention to present a global target for renewable energy at COP28 and believes that such target should be based on accurate and forward- looking analysis;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 5 a (new)

5a. Recalls that cities are responsible for over 70% of global greenhouse gas emissions and consume about 80% of the world's energy; recognises the leadership of local and regional authorities in accelerating and broadening action and invites all Parties to include subnational climate commitments, actions and achievements in their NDCs and national adaptation plans;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 6 a (new)

6a. Urges all Parties to recognise the value of water and its role in climate change adaptation and mitigation; deliver global water actions to ensure secured, resilient, and sustainable water management in order to enhance solutions to tackle water risks such as desertification, droughts, floods, and water pollution;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 6 b (new)

6b. Recalls that in the EU, natural disasters affected nearly 50 million people between 1980 and 2020 and caused an average of EUR 12 billion in economic losses each year1a; recognises the unequal distribution of these losses, harming cities and regions that already face challenges such as low economic growth or high youth unemployment; __________________ 1a Overview of natural and man-made disaster risks the European Union may face: 2020 edition.

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 6 c (new)

6c. Calls for locally-led adaptation approaches that enable affected communities to act as the primary agents of change; points out that climate change disproportionately affects the most vulnerable;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 6 d (new)

6d. Calls for locally-led adaptation approaches that enable affected communities to act as the primary agents of change; points out that climate change disproportionately affects the most vulnerable, including women, the elderly, people with disabilities and indigenous groups;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 7 a (new)

7a. Emphasises that local and regional authorities have an essential role in diagnosing, assessing and shaping responses based on the needs, risks and threats of their population and territories; highlights that decentralised delivery of loss and damage finance through local governments can guarantee that finance is available at local level when shocks occur, and that investments are geared to respond to local conditions and channelled more effectively towards citizens' priorities;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 9

9. Calls for the UNFCCC decision- making process to be protected from interests that run counter to the goals of the Paris Agreement, particularly ones regarding the fossil fuel industry;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 11

11. Calls for Union-wide post-2030 intermediate climate targets to be set, in accordance with the Article 4(3) of the European Climate Law, and for the corresponding legislative proposals to contribute to achieving the goals of the Paris Agreement;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 11 a (new)

11a. Calls for increased coordination to respond to misinformation and disinformation campaigns aiming to discredit climate action and for adequate resources to raise awareness, build capacity and engage local communities with climate action;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 11 b (new)

11b. Welcomes the conclusion of the Fit for 55 legislative package, which delivers the measures to achieve and exceed the EU’s 2030 target and to put the EU and its Member States on a path to achieve climate neutrality by 2050 at the latest; stresses that the Fit for 55 package makes the EU a global leader in delivering concrete measures towards the achievement of the goals of the Paris Agreement; urges other parties to the UNFCCC to match this ambition and also turn commitments into concrete measures;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 11 c (new)

11c. Calls on the Commission, when preparing a proposal on the Union 2040 climate target, to take into account all considerations required in accordance with Article 4(5) of the European Climate Law in a balanced manner, which includes both the report on the ‘Scientific advice for the determination of an EU- wide 2040 climate target and a greenhouse gas budget for 2030–2050’ of the European Scientific Advisory Board on Climate Change, as well as the social, economic and environmental impacts, the need to ensure a just and socially fair transition for all, the cost-effectiveness and economic efficiency, and the competiveness of the Union’s economy, in particular small and medium-sized enterprises and sectors most exposed to carbon leakage;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 11 d (new)

11d. Notes that according to the Scientific advice for the determination of an EU-wide 2040 climate target and a greenhouse gas budget for 2030–2050 of the European Scientific Advisory Board on Climate Change, an emission reduction target directly derived from the feasibility risks and challenges would lie between 88% and 92%; notes, however, that the report acknowledges that the socio-economic dimension of feasibility has not been taken into account in this assessment not included in this assessment;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Lídia PEREIRA, Agnès EVREN

Paragraph 11 e (new)

11e. Notes that according to the Scientific advice for the determination of an EU-wide 2040 climate target and a greenhouse gas budget for 2030–2050 of the European Scientific Advisory Board on Climate Change, any target above 90% is only possible on the condition that the existing challenges of deploying and scaling-up renewable energy can be overcome, in particular for hydrogen and solar photovoltaic technologies; stresses that this will require significantly lowering the administrative burden for developing net-zero manufacturing projects, including by streamlining administrative requirements in all areas, and facilitating permitting, which underlines the importance of a swift and ambitious conclusion of the Net-Zero Industry Act which should facilitate and streamline and not add to existing administrative burden;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 11 f (new)

11f. Highlights that according to the Scientific advice for the determination of an EU-wide 2040 climate target and a greenhouse gas budget for 2030–2050 of the European Scientific Advisory Board on Climate Change, no 2040 scenarios can be achieved without a rapid scale-up of the use of hydrogen and bioenergy, especially in the use of primary biomass;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 11 g (new)

11g. Highlights that both according to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) and the Scientific advice for the determination of an EU-wide 2040 climate target and a greenhouse gas budget for 2030–2050 of the European Scientific Advisory Board on Climate Change, all policy scenario’s aligned with the Paris Agreement require both land- based and technological carbon removals at scale;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 12 a (new)

12a. Highlights the importance of facilitating access to climate finance to local and regional authorities and supporting capacity building and targeted training on the use of such funds in order to provide tailored solutions to the unique challenges faced in their respective territories;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 12 b (new)

12b. Highlights that significant financial resources are needed to implement the goals of the Paris Agreement in developing countries and that the Glasgow Climate Pact urges developed country Parties to urgently and significantly scale up their provision of climate finance; reiterates that in its conclusions on the Preparations for the 27th Conference of the Parties to the UNFCCC (COP 27), the Council renewed the commitment made by the Union and its Member States to continue scaling up their international climate finance towards the developed countries' goal of mobilising at least USD 100 billion per year as soon as possible and through to 2025 from a wide variety of sources, and insists this goal should be met in 2023; stresses that when determining the use of revenues generated from the auctioning of the EU ETS allowances, Member States shall take into account the need to continue scaling up international climate finance in vulnerable third countries in accordance with the recently adopted agreement on the EU ETS revision;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 15

15. Considers it essential to advance the Bridgetown Agenda and to make the international financial system fit for the 21st century; calls for major international financial institutions to swiftly adopt and develop green finance, with a view to ensure streamlined access to funding without unnecessary bureaucratic hurdles;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 17

17. Reiterates the need to urgently end fossil fuel subsidies and other environmentally harmful subsidies in the EU and worldwide; is concerned by the fact that some EU Member States have no concrete plans on how and by when they will phase out these subsidies; recognizes that this lack of commitment might endanger EU credibility internationally. Incentivises all Member States to improve their national reporting of fossil fuel subsidies and plan towards their phase out in their upcoming National Energy and Climate Plan revision;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Subheading 7

The climate, water and biodiversity crisis;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 18

18. Emphasises the importance of protecting, conserving and restoring biodiversity, ecosystems, soils, freshwater bodies and oceans to achieve the objectives of the Paris Agreement;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 18 a (new)

18a. Highlights the need to address water risks, and ensure the multiple ecosystem services provided by water bodies through water planning and investment in water-related innovation areas including energy and water efficiency, in line with the Water-Smart Society principles;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 23 a (new)

23a. Recalls the contribution of research, innovation, digital technologies to achieving the goals set out in the Paris Agreement and the objectives of the European Green deal towards climate neutrality; Recognizes the importance of partnerships to foster the cross-sectoral collaboration within Europe and with its partners;

2023/07/04
Committee: ENVI

2023/2636(RSP)

Paragraph 23 b (new)

23b. Calls for a global CCS pledge to deliver a global agenda so that technologies, necessary for reducing emissions are scaled up. Encourages an ambitions and operational pledge which includes a commitment to creating policies and regulations which foster an environment to scale CCS globally;

2023/07/04
Committee: ENVI

2023/2078(INI)

Motion for a resolution
Recital B

B. whereas a completed BU would improve the competitiveness and stability of the banking sector and consumer choice and protection and facilitate access to financing for economic actors;

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Recital E

E. whereas fragmentation and the lack of cross-border consolidation of the EU banking sector is affecting its global competitiveness; ~~whereas the profitability gap between EU and US banks has widened;~~

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Recital G

G. whereas the non-performing loan (NPL) ratio slightly decreased in the first quarter of 2023 despite the pandemic and the Russian aggression against Ukraine; whereas, nevertheless, the situation varies considerably from one Member State to another and the current NPL ratio is unsatisfactory;

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Paragraph 1

1. Condemns the Russian aggression against Ukraine and its impact on the Ukrainian people, on the EU and elsewhere; calls on banks to continue ~~reduc~~adapting their ~~exposure to energy intensive corporates~~strategic decisions in view of the new European and international context arising from that situation;

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Paragraph 4

4. Asks the Commission to retain the completion of the BU and the Capital Markets Union as key priorities now and for its next mandate; highlights that both projects offer households and SMEs access to broader funding, increase financial stability, reduce the impact of economic downturns, fund the transition to a green and digital economy and unlock the EU’s growth potential;

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Paragraph 10

10. Notes that the NPL ratio decreased further, but is still far from satisfactory; highlights that there are substantial differences between Member States which should be taken into consideration; calls for the adoption of the proposal for a AECE Directive to develop NPL secondary markets;

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Paragraph 14

14. Welcomes the agreement reached at interinstitutional level to implement Basel III standards in the EU; highlights th~~at the framework will no~~e importance of its swift and effective implementation, without increaseing prudential requirements for banks or damageing their competitiveness; ~~notes that the implementation of the Basel standards to crypto-assets is still pending;~~

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Paragraph 15

15. Notes that the non-bank financial intermediary sector is continuing to grow; ~~regrets that different rules for these activities may entail significant risks;~~ calls for an appropriate regulatory approach to shadow banking, for the promotion of fair competition with banks and for the risks stemming from banks’ exposure to these activities to be addressed;

2023/10/27
Committee: ECON

2023/2078(INI)

Motion for a resolution
Paragraph 20

20. Welcomes the proposal to reform the CMDI framework following calls by Parliament; and calls for ~~the scope of resolution to be expanded, clarification of public interest assessments and for the scope of State aid to be limited~~its swift and effective adoption;

2023/10/27
Committee: ECON

2023/2077(INI)

Motion for a resolution
Recital B

B. whereas competition policy could contribute to bolstering the resilience, integrity and competitiveness of the internal market, as well as achieving the goals of the European Green Deal and the Digital Compass, among other EU political goals;

2023/11/07
Committee: ECON

2023/2077(INI)

Motion for a resolution
Recital C a (new)

Ca. whereas the global geopolitical circumstances also require responsible, competitive solutions in the field of competition policy; whereas the European Union should use all the political and legislative tools at its disposal to defend the integrity, resilience and competitiveness of its internal market in view of the challenges posed by the increasing number of conflicts in the world, trade tensions among competing countries and the pressure of inflation and low levels of economic growth;

2023/11/07
Committee: ECON

2023/2077(INI)

Motion for a resolution
Paragraph 3

3. Stresses that a larger amount of additional public and private investment ~~will be~~is needed to face new challenges; underlines that the creation of a European Sovereignty Fund ~~financed by additional fresh money will~~that brings together current EU instruments and is financed by resources that do not entail additional costs for citizens and businesses should address the fragmentation of the internal market, support the EU’s industrial strategy, reduce our critical dependencies and ensure our open strategic autonomy; highlights that private initiative plays a structural role in ensuring free, fair and transparent competition and therefore conditions must be created that are more attractive for investment and reduce tax and administrative burdens;

2023/11/07
Committee: ECON

2023/2077(INI)

Motion for a resolution
Paragraph 4

4. Calls on the Commission to ~~look into~~carry out a comprehensive study on the ‘'shrinkflation’' phenomenon, its impact on the economy and its consequences for markets and consumers~~’ welfare~~' rights;

2023/11/07
Committee: ECON

2023/2077(INI)

Motion for a resolution
Paragraph 7

7. Calls on the Commission to modernise public the procurement rules to help foster green and digital industry; calls on the Commission to take into account the sustainability and sovereignty criteria for public procurement rules in order to foster the production of goods ‘made in Europe’; points out that a clear, stable and predictable legal framework is essential for promoting high-quality investment in Europe;

2023/11/07
Committee: ECON

2023/2077(INI)

Motion for a resolution
Paragraph 9

9. ~~Underlines the importance of the Commission taking decisive action,~~Recalls the role of the Commission under Article 22 of the EC Merger Regulation~~, against~~ in situations of potential ‘killer acquisitions’ that must be reported under the Digital Markets Act;

2023/11/07
Committee: ECON

2023/2077(INI)

Motion for a resolution
Paragraph 10

10. Welcomes the Commission’s initiative to review its notice on the definition of ‘relevant market’ and looks forward to the outcomes of the public consultation; ~~underlines the need to adopt a more dynamic approach and take into account a longer-term vision encompassing the global dimension and potential future competition;~~

2023/11/07
Committee: ECON

2023/2077(INI)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL

Motion for a resolution
Paragraph 18

18. ~~Calls on the Commission to look at~~Emphasises the special relevance of emerging gatekeepers in generative Artificial Intelligence under the Digital Markets Act;

2023/11/07
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 3

~~3. Fears that, without properly delivering on its mandate of maintaining price stability, the ECB risks losing its legitimacy;~~deleted

2023/10/06
Committee: ECON

2023/2064(INI)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL

Motion for a resolution
Paragraph 4

4. Is deeply worried about the persistently high inflation rates, especially core inflation rates, and their detrimental impact on competitiveness, investments, job creation and the purchasing power of consumers; believes that inflation rates are particularly affecting the effective implementation of recovery and resilience plans by driving up costs and reducing return on investment; recalls that such a situation causes economic uncertainty, is a disincentive for saving and increases the cost of living for citizens, affecting those who have fixed or limited incomes in particular; stresses that this can lead to inflation expectations, which sustain a cycle of price hikes and undermine economic stability;

2023/10/06
Committee: ECON

2023/2064(INI)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL

Motion for a resolution
Paragraph 5

5. Expresses concern about the high levels of debt and government deficits within the Member States and the risks that this entails~~; notes that the situation is worse in the euro area than in non-euro area Member States~~, especially the deterioration of economic stability and investor confidence, which has a negative impact on economic growth and long-term prosperity; notes that the situation is worse in the euro area than in non-euro area Member States; recalls that responsibly addressing public deficit and debt levels is crucial to avoid the risks associated with the current inflation in order to maintain a stable economy and sustainable growth; looks forward to the outcome of the Commission’s legislative proposals on revising the EU’s economic governance rules and welcomes the ECB’s opinion in this regard;

2023/10/06
Committee: ECON

2023/2064(INI)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL

Motion for a resolution
Paragraph 7

7. Highlights that not only do persistent high levels of inflation, the ongoing war in Ukraine and high levels of debt in the Member States threaten the competitiveness of the European economy, and thus the international role of the euro as well, but also the upward price pressure following the implementation of the European Green Deal, the rise of fragmentation and protectionism in global trade, the demographic challenges posed by a smaller workforce and higher state costs, and an impending subsidy race of protectionist policies between states;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 8

8. ~~Echoes President Lagarde’s warning that fiscal support should be targeted and limited and should not hinder the task of monetary policy; p~~Points out that governments, as well as the Commission, can support citizens and industries not only through fiscal measures, but also by focusing on growth-enhancing reforms;

2023/10/06
Committee: ECON

2023/2064(INI)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL

Motion for a resolution
Paragraph 8 a (new)

8a. Recalls that fiscal policy is led by Member States with strong and effective coordination at the EU level; recalls that monetary policy is led by the ECB in an independent way, according to the treaties; takes note of President Lagarde´s comments on the targeted and limited nature of fiscal support by Member States; takes note of some national governments and political leaders comments on the proportionality and adequacy of monetary policy decisions by the ECB; notes that the high levels of inflation require a strong commitment by all EU institutions and national authorities in order to tackle the economic and social consequences of the inflationary crisis;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 9

9. Welcomes the ECB’s support for a well thought out completion of the banking union and the capital markets union; recalls that this would contribute to a larger spread of risks within and the enhanced financial stability of the monetary union and to the EU’s economic and social recovery, the reduction of bank loans’ dependence on capital, and competition with the Asian and American markets; reiterates the need to remove bureaucratic barriers to cross-border investments in the EU, alleviate the tax burden on companies, simplify legal frameworks to attract capital, encourage SMEs’ entry into financial markets and foster financial literacy among citizens to raise awareness of the benefits of investments; recalls the need for clear political will to advance the completion of the banking union and the capital markets union;

2023/10/06
Committee: ECON

2023/2064(INI)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL

Motion for a resolution
Paragraph 9 a (new)

9a. Notes the ongoing work on the EU bank crisis management and deposit insurance (CMDI); regrets the delay on the adoption of the European Deposit Insurance Scheme (EDIS), as the third pillar of the Banking Union; expects a swift, effective and future-driven negotiating process on CMDI;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 10

10. Notes that headline inflation has come down from 8.4 % in 2022 to 5.4 % in 2023, mainly driven by lower energy prices and the easing of supply bottlenecks; observes, however, that inflation remains well above the target level of 2 %; is concerned about second-round effects and the need to take into account improvements in economic productivity;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 12

12. Points out that inflation already began rising above target levels in July 2021, thus before Russia’s unprovoked and illegal aggression in Ukraine; deplores, however, that the ECB only started to tackle inflation in June 2022, even though the COVID-19 crisis proved that it is able to act in a timely manner; notes that other central banks acted more promptly, which worsened the inflationary pressure; notes that the ECB raised interest rates in June 2022, initiating a series of 10 consecutive decisions on raising interest rates;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 13

13. ~~Fully supports~~Takes note of President Lagarde’s statement on fighting inflation for as long as necessary and the commitment to decide based on an evidence-based approach; applauds President Lagarde’s plea for humility and to regularly update the ECB’s models; invites the ECB, however, to fundamentally review its models and their role in its policymaking;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 14

~~14. Trusts that the ECB will deliver on its mandate to safeguard price stability; notes that real interest rates are still negative;~~deleted

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 15

15. Notes the inflation target level of 2 % in the medium term; observes that inflation has, thus far, either been well below or far above this target level; questions the scientific evidence for this 2 % target level, as well as the meaning of ‘medium term’; invites the ECB to look into a more qualitative approach to price stability;deleted

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 16

16. ~~Supports~~Takes note of the ECB’s decision to scale back its asset-purchasing programmes, in view of the excess liquidity in the market; notes the ECB’s announcement to decarbonise its corporate bond holdings by ‘tilting’ its portfolio; stresses the importance of the quality of the collateral;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 18

18. Welcomes the attention that the ECB pays to the risks of cyberattacks; encourages the ECB to maintain this awareness, especially in the light of the current geopolitical context; calls ~~for~~on the ECB not to relax its monitoring of the development of cryptocurrencies and the related risks in terms of cybersecurity, money laundering, terrorist financing and other criminal activities related to the anonymity provided by crypto-assetsto maintain its commitment with the resilience of its digital infrastructure;

2023/10/06
Committee: ECON

2023/2064(INI)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL

Motion for a resolution
Paragraph 18 a (new)

18a. Calls on the ECB not to relax its monitoring of the development of new types of digital assets, such as crypto- assets, namely cryptocurrencies; understands that special attention must be given to the dimensions of cybersecurity, money laundering, terrorist financing and other criminal activities, such as tax fraud and evasion;

2023/10/06
Committee: ECON

2023/2064(INI)

Motion for a resolution
Paragraph 20

20. Shares the ECB’s ~~concern regarding the rise of the shadow banking sector and the risk it may pose to financial stability; stresses the need for adequate regulation in this field~~view that it is necessary to work to achieve a regulation that is adequate for non-bank financial intermediaries, which allow the sector to compete on an equal footing with the banking sector and contribute together to financial stability;

2023/10/06
Committee: ECON

2023/2063(INI)

Motion for a resolution
Recital B

B. whereas the EU labour market ~~continued to perform strongly~~showed resilience in the first half of 2023 despite the slowdown in economic growth, yet labour shortages continue to be acute in some sectors and occupations, according to the Commission’s autumn 2023 forecast; whereas unemployment hit a historic low in the EU as a whole with significant variation across Member States; whereas youth unemployment hit 14,7% in the EU and 14,9% in the Euro Area in October 2023;

2023/12/14
Committee: ECON

2023/2063(INI)

Motion for a resolution
Recital C

C. whereas inflation will amount to 6.5 % in the EU and 5.6 % in the euro area in 2023 and is expected to fall to 3.5 % and 3.2 % in 2024 respectively, according to the Commission’s autumn 2023 forecast; whereas these figures are still highly above the ECB's quantitative target of 2% inflation over the medium term;

2023/12/14
Committee: ECON

2023/2063(INI)

Motion for a resolution
Recital D

D. whereas the debt-to-GDP ratio is expected to decrease to 83.1 % in the EU (90.4 % in the euro area); whereas the debt-to-GDP ratio is expected to marginally decline in the EU to around 82.7 % in 2024 and 82.5 % in 2025; whereas this reality varies significantly among the Member States; whereas a sustainable path to reduce public debt is essential to preserve economic stability, to safeguard balanced budgetary policies and to stand for intergenerational fairness;

2023/12/14
Committee: ECON

2023/2063(INI)

Motion for a resolution
Paragraph 6

6. Shares the view that the 2024 CSRs need to be focused on ~~a limited set of challeng~~challenges related to economic and budgetary policies; underlines that CSRs ~~must equ~~shally serve to enhance competitiveness, promote the green and digital transitions and ensure social and intergenerational fairness; stresses that CSRs need to take account of social vulnerabilities;

2023/12/14
Committee: ECON

2023/2063(INI)

Motion for a resolution
Paragraph 9

9. Considers it urgent and necessary to reform the EU fiscal rules and welcomes the proposals put forward by the Commission; regrets that such reform was not completed before the end of 2023;

2023/12/14
Committee: ECON

2023/2063(INI)

Motion for a resolution
Paragraph 17

17. Recognises that the Economic Dialogue as part of the European Semester lays a useful foundation of accountability, but considers that proper accountability can only be achieved if the European Parliament has accountability instruments that allow it to apply consequences based on its assessment of the performance of the European Semester such as veto rights or holding Commissioners personally responsible;deleted

2023/12/14
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital A

A. whereas the econ~~omic recovery and the climate crisis increase the need to mobilise more resources and re-evaluate current taxation policies in the Member States~~secutive crises from the last decade on public finances and Covid-19 were followed by the Russian military aggression against Ukraine and their consequences increase the need to mobilise more resources; whereas these crises resulted in a complex international framework where we face war at European borders, an inflationary prolonged pressure, an economic downturn and a regression on globalization, multilateralism and global cooperation; whereas fiscal measures should not hinder private initiatives that generate economic growth, reactivate countries’ economies and promote job creation in the EU;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital A a (new)

Aa. whereas tax policy is an important instrument to finance national fiscal policies that support the economic recovery but also to uphold private initiative and investment; whereas taxation should not be an obstacle to citizens, families and companies to invest and, therefore, it shall be limited on the rates, be simple and accessible on the administrative field and be stable and predictable on its legal design;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital A b (new)

Ab. whereas tax policy has a fundamental role in times of crisis because it can be used to free citizens from excessive tax, administrative and legal burdens that block the much needed private investment to support economic recovery;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital A c (new)

Ac. whereas tax policy is a national competence under the EU treaties and the European legislation must be focused on the legislative coordination and administrative cooperation;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital B

B. whereas rising corporate profits account for almost half of the increase in inflation in the EU over the past two years, as companies increased prices by more than the spiking costs of imported energy;deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital C

C. whereas the growing trend of cross- border teleworkers, including digital nomads, has created difficulties for the ~~taxation of labour income~~definition for tax residency;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital D

D. whereas over the years, the tax incidence has shifted from wealth to income, from capital income to labour income and consumption, from multinational enterprises (MNEs) to small and medium-sized enterprises (SMEs) and from the financial sector to the real economy;deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital D a (new)

Da. whereas in total, the composition of the tax mix in the EU remained broadly stable in the 2004-2019 period, while the overall level of tax revenue slightly increased; whereas the composition of the tax mix (relative shares of labour, consumption, capital, environmental and other taxes) varies significantly in the EU, with some Member States having a more growth-friendly tax mix than others;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital E

E. whereas the EU Member States ~~rely disproportionate~~tax revenue relies mostly on labour income taxes, social contributions and indirect taxes, such as the value added tax (VAT);

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital E a (new)

Ea. whereas in order to enhance the performance of the single market, tax coordination among the Member States is essential for further integration, always bearing in mind that Member States are free to determine their own tax policies within the limits of the EU Treaties;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital F

F. whereas women face implicit tax biases, as they typically rely more on labour income than capital income and spend a higher proportion of their income on consumption; whereas in the EU, secondary earners are predominantly women, earning on average about one third of the household’s joint income;deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital G

G. whereas concerns have been raised about the potential double taxation of Ukrainian refugees who continue to perform their duties for their Ukrainian employer while working remotely from their host countries and about the lack of ~~a com~~coordination among EU ~~approach~~Member States on this matter;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital I

~~I. whereas the number of private jet flights in Europe increased by 64 % between 2021 and 2022; whereas carbon- dioxide emissions from private flights more than doubled in that period;~~deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital J

~~J. whereas between 2020 and 2022, the shipping industry generated as much profit as it had during the previous six decades combined; whereas it still faces low global taxation;~~deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital J a (new)

Ja. whereas air and maritime transport are the main drivers of international trade and facilitate the global distribution of goods; whereas the creation of a specific tax framework for those sectors would have an impact on the price of products and, consequently, on the final consumer; whereas the tax system for those sectors should seek not to penalise but to encourage the application of technological solutions aimed at decarbonising the sector and promoting the use of clean energy;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital K a (new)

Ka. whereas the informal economy represents an exorbitant part of the EU Member States economy, although national realities are significantly different among them; whereas this scenario means that an inordinate part of due taxes are lost to tax evasion;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Recital K b (new)

Kb. whereas the complexity of national tax systems and the bureaucracy involved in taxation-related matters are excessive and represent a significant administrative burden that is an overwhelming cost for citizens, families and companies;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 1

1. Highlights that tax systems and fiscal capacities in the Member States are facing severe shocks, an ageing population and challenges related to ~~the green transition~~demographic trends, the digital transformation of their labour markets ~~and the existing tax gap9~~ , the post-pandemic scenario and the consequences of the ongoing Russian military aggression against Ukraine, all of which emphasise the need for ~~large public~~ investments in order to achieve a sustainable economic recovery, mobilise private capital and attract entrepreneurship~~; _________________ 9 European Commission, ‘Tax policies in the European Union – 2020 survey’, Publications Office of the European Union, Luxembourg, 2020.~~ and private investment;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 2

2. Notes with concern that the impacts of the COVID-19 pandemic, the subsequent energy-price shock ~~and inflation are highly regressive, with~~following the Russian military aggression against Ukraine and the high inflation are harmful for European citizens and companies, especially for the poorest households and SMEs being hit the hardest; observes that effective tax rates rose significantly for families with children, particularly at lower income levels10 ; notes with concern that gender inequality worsened during the pandemic; _________________ 10 OECD, ‘Double blow for workers as inflation drives real wages down and labour taxes up’, 25 April 2023.inflation pushed up overall VAT receipts mechanically leading to higher VAT revenue for Member States; regrets that these revenue gains have not led Member States to lowering other taxes for citizens and SMEs;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 2 a (new)

2a. Regrets that, despite the increased tax revenue registered in some Member States due to the effects of inflation - namely on indirect taxes -, in most Member States this window of opportunity to lower tax rates without compromising the stability of public finances was not taken;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 4

4. Observes with concern that inflation has been partially driven by companies increasing their profit margins, with, for example, Maersk’s annual pre-tax income soaring from USD 967 million in 2019 to USD 30.2 billion in 2022;deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 5

~~5. Regrets the fact that that MNEs that realise excess profits in times of crisis and wealthy individuals who realise significant capital gains through speculation are often undertax~~deleted;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 5 a (new)

5a. Recalls that the excess profit taxes in place in some Member States are temporary and limited measures to tackle the inflationary pressure; considers that Member States must regularly screen the proportionality, adequacy and effectiveness of such taxes; calls on the Commission to assess the framework of these taxes and their compatibility with EU primary and secondary Law with an EU-wide evaluation; warns against the risks of taking private investment away from projects linked to the twin transition by excessively taxing the "excess profits";

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 6

6. Is concerned that the impact of temporary VAT reductions for end consumers was limited ~~and was more pronounced for companies that increased their profit margins because of these reduction~~; calls on Member States to properly assess the effectiveness of such temporary measures on guaranteeing that such reductions have impact on the final price of products and services;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 7

7. ~~Regrets that, in the overall tax mix, environmental taxation remains underutilised in the EU; regrets that fossil fuel subsidies remain high; observes that, over~~Takes note of the significant changes in individual Member States regarding environmental tax revenue as a share of GDP1a, especially on energy taxes; observes that the Fit for 55 package put forward legislative tools to deliver on the European Climate Law targets, especiall,y the ~~tax systems in the Member States are not~~Energy Tax Directive, the EU Emissions Trading System and CBAM; considers that such initiatives contribute to respond~~ing~~ to the climate and biodiversity crises and are contributing ~~insufficiently~~ to reaching the EU’s climate goals; _________________ 1a https://taxation- customs.ec.europa.eu/system/files/2023- 07/ART%20- %20Report%202023_Digital%20Version_ 1.pdf

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 8

8. Calls on the Member States to consider the ‘COVID-19 precedent’ for the taxation of cross-border workers as regards the tax treatment of Ukrainian refugees, which would entail disregarding the additional days spent in the host country for the calculation of the 183-day rule; recommends that the Member States’ national tax authorities offer tax guidance to refugees and significantly reduce administrative complications; underlines the importance and clear added value of cooperation between EU Member States and Ukraine in the field of taxation; considers that national tax authorities, through Fiscalis, can put in place an effective communication channel with the Ukrainian national tax authority; calls on Member States to consider the creation of such communication and cooperation channel;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 8 a (new)

8a. Calls on Member States to consider a significant reduction on personal income taxes and corporate income tax taking advantage of the extraordinary amount of tax revenues that resulted from the effects of inflationary pressure; recommends that such reduction on personal income taxation is focused in lowest income households;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 8 b (new)

8b. Calls on Member States to consider a significant reduction on personal income tax rates, namely through the limitation of such rate at 15% to young people under 35 years old, in order to support younger households, conditions for investment and entrepreneurship, youth emancipation and tackle the "brain drain";

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 9

9. Considers that, in light of the many crises faced by citizens and the Member States, the EU should seize the opportunity to carry out a full-scale and ~~holistic~~comprehensive analysis of itMember States tax systems, evaluating the added value of EU legislation and the existing loopholes on administrative cooperation in the field of taxation;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 10

10. Calls on the Commission to ~~launch a comprehensive evaluation followed by an action plan~~present an evaluation report on the implementation of Commission Communication of 15 July 2020 on ‘An action plan for fair and simple taxation supporting the recovery strategy’ (COM(2020)0312) before coming up with another action plan; asks the Commission for a concrete explanation about possible delays on important areas for reform in order to strengthen the Member States’ tax systems by making them future-driven and crisis proof, including through the simplification of their national tax systems; recalls ~~for the Commission to come forward with a tax proposal under~~that Article 116 of ~~the~~ Treaty on the Functioning of the European Union ~~to solve specific tax distortions in the Member States~~(TFEU) states that distortion of competition in the internal market by Member States needs to be eliminated;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 12

12. ~~Highlights that environmental taxes and well-designed incentives have the~~Considers that tax incentives, namely reductions and exemptions, can contribute to the fulfilling of EU goals in the field of climate change and biodiversity protencti~~al to both cover the need for additional~~on; warns against the risks of excessive environmental taxes because of their instable tax revenues and ~~support a carbon- free economy~~the consequences on companies - namely SMEs - conditions to invest; calls on the Member States to ~~finally agree on~~adjust the proposed revision of the Energy Taxation Directive11 and to find a better balance between protecting citizens welfare, companies growth and the environment; _________________ 11 Commission proposal of 14 July 2021 for a Council directive restructuring the Union framework for the taxation of energy products and electricity (COM(2021)0563).

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 13

13. Notes with concern that income inequality has increased in the last 30 years, with wealth being even more concentrated than income and capital gains being mostly realised by the top decile of the population; considers that the Member States should more effectively redistribute income and wealth through the taxation of capital gains, property and wealth; supports calls to start international-level negotiations to establish a progressive wealth tax, in the same vein as the OECD/G20 global tax deal for corporations; Observes that medium-term progress in reducing income inequality remains limited as according to the Commission; notes that the EU income quintile ratio inequality was similar to 10 years ago1a; considers that the Member States should more effectively redistribute income via the labour market and design the tax system to generate jobs; considers that Member States shall design their national tax systems in order to promote equality and social inclusion; warns against the risks of establishing a wealth tax because of the difficulties in defining the tax base and the enormous and disproportionate bureaucratic effort on tax collection; considers that tax authorities shall use their limited resources better than chasing an ill- defined wealth tax; recalls that the EU treaties do not provide any legal basis for an EU initiative on this matter; calls on Member States to address the taxation of wealthy individuals in their national legal framework for the taxation of individual income; _________________ 1a https://taxation- customs.ec.europa.eu/system/files/2023- 07/ART%20- %20Report%202023_Digital%20Version_ 1.pdf, p 56

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 14

14. ~~Welcomes~~Takes note of the adopted solidarity contribution in the EU; ~~regrets, however, its~~welcomes, in this regard, the limited scope and ~~short~~limited time span; ~~calls on the Commission to consider a permanent~~warns against the risk of implementing further excess profits tax ~~on all sectors, in light of the growing evidence that inflation is partly profit driven; believes that such taxes would~~es, among others taking investment away from projects for succeeding in the twin digital and sustainable transition; recalls that the main objective of the EU competition rules is to enable the proper functioning of the EU's internal market and in doing so to curb the oligopolistic power of certain companies and boost competitiveness, while fighting inflation and raising revenue;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 15

15. Regrets that the shipping industry is under-taxed and even excluded from the OECD/G20 Pillar Two agreement; supports the call for a multilateral initiative to tax international shipping activities from a profit and carbon perspective;deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 15 a (new)

15a. Calls on the Commission and the Council to review the taxation of air and maritime transport to align it with the goal of decarbonisation and the promotion of cleaner transport solutions; recalls that the creation of tax frameworks for maritime and air transport increases the prices of products and goods, which has an impact on the final consumer;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 16

~~16. Calls for a multilateral initiative at the UN or G20 to introduce minimum carbon tax standards, including a minimum rate;~~deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 16 a (new)

16a. Recalls its resolution of 20 October 2022 on COP27, calling on the European Commission to engage with major CO2 emitters outside the EU in creating an international climate club; recalls the CBAM agreement of December 2022 stressing the need for bilateral, multilateral and international cooperation with third countries and reiterates its calls for setting up a climate club to promote global implementation of ambitious climate action and to help countries advance towards a global carbon-pricing framework;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 17

~~17. Observes with concern that private jet flights have exponentially increased in the EU in the past few crisis years; calls for an EU-wide prohibitive tax on private jets;~~deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 17 a (new)

17a. Calls on the Commission to put in place an EU-wide programme of cooperation and coordination among national tax authorities to tackle the tax evasion related to the mechanisms of informal economy, sharing good practices and benchmarking adopted solutions at the national level;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 17 b (new)

17b. Calls on the Commission to increase the financing of the Fiscalis programme and to promote its reform in order to transform this network in a true space of benchmarking and sharing of good practices, namely in the field of administrative simplification and strategies to tackle tax fraud and evasion;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 17 c (new)

17c. Recommends to the Member States with progressive systems on what regards personal income taxation to consider a solution of automatic legal adaptation of tax brackets according to inflation;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 17 d (new)

17d. Calls on the Commission to conduct a comparative study on the tax incentives applied across Europe; calls on the Fiscalis network to support the Commission on this task and to promote a comprehensive debate on the effectiveness of such incentives and their adequacy to the political objectives pursued;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 17 e (new)

17e. Recommends to the Member States to consider tax exemptions on productivity bonus in order to promote higher productivity levels with proper incentives to workers that can increase their income through these bonus;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 18

18. Observes that eliminating tax- related disincentives for female employment and unequal distribution of paid and unpaid work is one of the most critical objectives of tax policy from a gender-equality perspective; calls on the Commission to provide guidance on taking gender equality into account in tax policy design and tax administration; notes the need to improve the collection of gender-disaggregated data;deleted

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 18 a (new)

18a. Calls on the Commission to look into the gender pay gap situation from a tax perspective;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 18 b (new)

18b. Calls on the Commission to conduct an extensive assessment on the added value of EU legislation in the field of taxation and the consequences of consecutive changes in the legal framework, namely on the costs incurred by citizens and companies to comply with volatile legal regimes; asks the Commission to abstain from proposing new initiatives when new obligations can represent an excessive tax and/or administrative burden;

2023/09/04
Committee: ECON

2023/2058(INI)

Motion for a resolution
Paragraph 18 c (new)

18c. Regrets that the Commission did not presented the announced recommendation on EU Taxpayers Rights - Simplified Procedures for Better Tax Compliance, although it conducted a public consultation in order to present such act in the third quarter of 2021; calls on the Commission to present this recommendation without any delay;

2023/09/04
Committee: ECON

2023/0322(CNS)

Proposal for a directive
Recital 3

(3) Where Member States apply or interpret the arm’s length principle in a significantly differentl way, they create situations that could harm the internal market~~. Inconsistency~~ and could lead to unnecessary costs for businesses in case of disputes. Such significant differences in applicable transfer pricing rules not only could lead to double taxation, but ~~also allow~~can also be misused for profit shifting and tax avoidance~~. Such inconsistency is a~~ purposes. Such significant inconsistencies can present serious tax obstacle for businesses operating across borders, is likely to cause economic distortions and inefficiencies and has a negative impact on cross-border investment and growth. Tax administrations, however, should not automatically assume that associated enterprises have sought to manipulate their profits. There may be a genuine difficulty in accurately determining a market price in the absence of market forces or when adopting a particular commercial strategy. The consideration of transfer pricing should not be confused with the consideration of problems of tax fraud or tax avoidance, even though transfer pricing policies may be used for such purposes.

2023/12/18
Committee: ECON

2023/0322(CNS)

Proposal for a directive
Recital 4

(4) This Directive lays down rules to ensure a common application of the arm’s length principle across the Union with the aim of increasing tax certainty and reducing occurrences of double taxation as well as double non taxation in line with the OECD guidelines.

2023/12/18
Committee: ECON

2023/0322(CNS)

Proposal for a directive
Recital 5

(5) To ensure that the arm’s length principle is applied in a uniform way across the Union, Member States should apply a common definition of associated enterprises derived from the OECD guidelines . In order to ensure equal treatment, a permanent establishment should be treated, for the purpose of this Directive, as an associated enterprise and thus the internal dealings between head office and permanent establishment should be determined in accordance with the arm’s length principle.

2023/12/18
Committee: ECON

2023/0322(CNS)

Proposal for a directive
Recital 13

(13) In order to minimise disputes, reduce related costs to businesses, and ensure a common approach across the Union, this Directive further provides that a taxpayer should not be subject to adjustment when its results fall within the interquartile range unless the tax administration or the taxpayer proves that a specific different positioning in the range is justified by the facts and circumstances of the specific case. When the results of a controlled transaction fall outside the arm's length range, tax administrations should be required to make an adjustment to the median of all the results unless the taxpayer or the tax administration proves that any other point of the range determines a more reliable arm’s length price in a given case.

2023/12/18
Committee: ECON

2023/0322(CNS)

Proposal for a directive
Recital 14

(14) In order to lower the compliance burden for taxpayers that operate cross- border within the Union a common approach towards the documentation on transfer pricing should further be introduced. One standard template, rules on content and linguistic arrangements, timeframes and which taxpayers should be in scope would bring simplicity and potential cost savings taking into account chapter V ‘Documentation’ of the OECD Transfer Pricing Guidelines and the Code of conduct on transfer pricing documentation for associated enterprises in the European Union33 . Harmonized interpretation of those terms at Union level is also necessary to facilitate application of this Directive by the tax administrations and businesses Therefore, Member States shall empower their tax administrations to deal efficiently with the common documentation efforts on transfer pricing. _________________ 33 Resolution of the Council and of the representatives of the governments of the Member States, meeting within the Council, of 27 June 2006 on a code of conduct on transfer pricing documentation for associated enterprises in the European Union (EU TPD), 2006/C 176/01, https://eur-lex.europa.eu/legal- content/EN/TXT/?uri=uriserv%3AOJ.C_.2 006.176.01.0001.01.ENG&toc=OJ%3AC %3A2006%3A176%3AFULL

2023/12/18
Committee: ECON

2023/0322(CNS)

Proposal for a directive
Recital 15

(15) The rules provided by this Directive should be applied in in a manner consistent with the most up-to-date version of the OECD Transfer Pricing Guidelines.

2023/12/18
Committee: ECON

Proposal for a directive
Article 46 – paragraph 1 – point 1

Directive 98/26/EC
Article 2 – point b

‘institution’ shall mean any of the following entities:

2023/12/04
Committee: ECON

2023/0209(COD)

Proposal for a directive
Article 46 – paragraph 1 – point 1

Directive 98/26/EC
Article 2 – point b

– an electronic money institution as defined in Article 2, point (1), of Directive 2009/110/EC of the European Parliament and of the Council, with the exception of legal persons benefitting from an exemption pursuant to Article 9 of that Directive,

2023/12/04
Committee: ECON

2023/0209(COD)

Proposal for a regulation
Recital 1 a (new)

(1a) The Capital Markets Union (CMU) will only achieve its goals if citizens adhere to it and, to that end, it is essential to guarantee high levels of financial literacy. The level of financial literacy differs significantly across Member States and EU legislation must ensure that the access to financial markets is not only facilitated through proportionate and clear rules, but also by concrete steps towards simplification.

2023/11/07
Committee: ECON

2023/0166(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a

Regulation (EU) No 1286/2014
Article 8 – paragraph 3 – point aa

~~(a) in paragraph 3, point (aa) is added: “(aa) under a section titled ‘Product at a glance’ a dashboard wi~~deleted the type of the PRIIP, as referred the summary risedk in~~formation about all of the following: (i) to in point (c)(i); (ii) referred to~~ dicator the total costs of the PRIIP; the recommended holding p~~oint (d)(i); (iii) (iv) referred to in point (g)(ii); (v) insurance benefits referred to in point (c) (iv);”~~eriod whether the PRIIP offers the

2023/11/07
Committee: ECON

2023/0166(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1

Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 3 – point c

(c) the evolution of the government debt position and its financing, and the forecast for debt levels, considering related risk factors, in particular the maturity structure, the currency denomination of the debt and contingent liabilities;

2023/10/25
Committee: ECON

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 2

Regulation (EC) No 1467/97
Article 3 – paragraph 6

6. Where effective action has been taken in compliance with a recommendation under Article 126(7) TFEU or where exceptional circumstances outside the control of the government with a major impact on the public finances of the Member State concerned, including on the respect of the corrective net expenditure path recommended by the Council pursuant to paragraph 4 of this Article, occur after the adoption of that recommendation, the Council may decide, on a recommendation from the Commission, to adopt a revised recommendation under Article 126(7) TFEU. The revised recommendation, taking into account the relevant factors referred to in Article 2(3) of this Regulation may, in particular, extend the deadline for the correction of the excessive deficit ~~by one year as a rule~~. In case the Council has established the existence of a severe economic downturn in the euro area or in the Union as a whole in accordance with Article 24 of Regulation (EU) [on the preventive arm], the Council may also decide, on a recommendation from the Commission, to adopt a revised recommendation under Article 126(7) TFEU provided that this does not endanger fiscal sustainability in the medium term. The revised recommendation may, in particular, extend the deadline for the correction of the excessive deficit ~~by one year as a rule~~.;

2023/10/25
Committee: ECON

2023/0137(CNS)

Proposal for a directive
Annex III

Directive 2011/16/EU
Annex VI – Section V – point E

The home Member State providing authorisation to Crypto-Asset Service Providers according to Regulation ~~XXX~~ (EU) 2023/… of the European Parliament and of the Council on markets in crypto- assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 shall communicate on a regular basis and at the latest before 31 December to the competent authority a list of all authorised Crypto-Asset Service Providers.

2023/04/28
Committee: ECON

2022/0409(CNS)

Proposal for a regulation
Recital 3

(3) The existing cooperation between Member States’ tax authorities is based on exchanging aggregated information between national electronic systems. The introduction of DRR aims to increase the effectiveness of tax collection procedures by providing transaction-by- transaction data to tax administrations in a timely manner. To make those data available to other tax administrations in an efficient manner, and to facilitate a common implementation of analysis and crosschecks, as well as a common interpretation of those analyses and crosschecks, a central system where VAT relevant information is shared is necessary.

2023/06/20
Committee: ECON

2022/0409(CNS)

Proposal for a regulation
Recital 5

(5) The VAT identification information of taxable persons making intra- Community transactions should be automatically updated in the central VIES without undue delay whenever identification information changes, except where Member States agree that such update is not pertinent, essential or useful. Such updates are necessary because the validity of the VAT identification numbers of taxable persons is subject to verification as regards the condition for exempting intra- Community supplies provided for in Article 138 of Directive 2006/112/EC. To provide a reasonable level of assurance to tax administrations with regard to the quality and reliability of such information, information on intra-Community transactions should be automatically updated in the central VIES no later than 13 days after the Member State received the information from the taxable person.

2023/06/20
Committee: ECON

2022/0409(CNS)

Proposal for a regulation
Recital 12

(12) Access to the information in the central VIES should be provided to national tax authorities on a need-to-know basis. That information should not be used for other purposes than to monitor the correct application of VAT and combat VAT fraud. All users should be bound by the confidentiality rules laid down in this Regulation. The exchange of information procedures and the access to data must be pursued in full compliance with the EU legal framework on data protection.

2023/06/20
Committee: ECON

Proposal for a regulation
Article 2 – title

Amendments to Regulation (EU) No 904/2010 applicable from 1 January 20267

2023/06/20
Committee: ECON

(c) to aggregate information in respect of persons to whom a VAT identification number was issued and collected pursuant to Article 213 of Directive 2006/112/EC and make the following details accessible to the officials or electronic systems referred to in Article 24k, in a secure and confidential system:

2023/06/20
Committee: ECON

2022/0409(CNS)

Proposal for a regulation
Article 3 – paragraph 1 – point 3

Regulation (EU) No 904/2010
Article 24j – paragraph 1 – point e

(e) to make the information referred to in Article 24g(2) and in points (b), (c) and (d) of this Article accessible to the officials or electronic systems referred to in Article 24k, in a secure and confidential system.

2023/06/20
Committee: ECON

2022/0409(CNS)

Proposal for a regulation
Article 3 – paragraph 1 – point 3

Regulation (EU) No 904/2010
Article 24k – paragraph 1 – introductory part

1. Each Member State shall grant automated access, in a secure and confidential system, to the central VIES to:

2023/06/20
Committee: ECON

2022/0409(CNS)

Proposal for a directive
Article 1 – paragraph 1 – point 6

Directive 2006/112/EC
Article 217

For the purposes of this Directive, ‘electronic invoice’ ~~shall~~ means an invoice that contains the information required by this Directive, and which has been issued, transmitted and received in a ~~structured~~ny electronic format ~~which allows for its automatic and electronic processing.;~~.

2023/06/20
Committee: ECON

2022/0407(CNS)

Proposal for a directive
Article 2 – title

Amendments to Directive 2006/112/EC with effect from 1 January 20256

2023/06/20
Committee: ECON

2022/0407(CNS)

Proposal for a directive
Article 2 – paragraph 1 – point 3

Directive 2006/112/EC
Article 28a – paragraph 1 a (new)

By way of derrogation, paragraph 1 shall not apply to passenger transport services or to the supply of short-term accommodation rental facilitated through the use of an electronic interface where a passenger transport service or a short- term accomodation rental provided by a person described in subparagraphs (a) - (f) not facilitated through the use of an electronic interface would not be subject to VAT.

2023/06/20
Committee: ECON

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL, Jessica POLFJÄRD, Frances FITZGERALD, Christophe HANSEN

Proposal for a directive
Article 3 – title

Amendments to Directive 2006/112/EC with effect from 1 January 20267

2023/06/20
Committee: ECON

2022/0403(COD)

Proposal for a regulation
Recital 11

(11) It is necessary to ensure that the calibration of the level of the clearing activity to be maintained in accounts at Union CCPs can be adapted to changing circumstances. ESMA has an important role in the assessment of the substantial systemic importance of third-country CCPs and their clearing services. ESMA, in cooperation with the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the ESRB, and after having consulted the European System of Central Banks (ESCB), should therefore develop draft regulatory technical standards specifying the details of the level of substantially systemic clearing services to be maintained in the active accounts in Union CCPs by financial and non-financial counterparties subject to the clearing obligation. Such calibration should not go beyond what is necessary and proportionate to reduce clearing in the identified clearing services at Tier 2 CCPs concerned. In that regard, ESMA should consider the costs, risks and the burden such calibration entails for financial and non-financial counterparties, the impact on their competitiveness, and the risk that those costs are passed on to non-financial firms. Furthermore, ESMA should also ensure that the envisaged reduction in clearing in those instruments, identified as of substantial systemic importance, results in them no longer being considered of substantial systemic importance when ESMA reviews the recognition of the relevant CCPs which according to Article 25(5) of that Regulation and where such a review should be done at least every five years. In addition, suitable phase-in periods for the progressive implementation of the requirement to hold a certain level of the clearing activity in the accounts at Union CCPs should be foreseen.deleted

2023/07/07
Committee: ECON

2022/0403(COD)

Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL, Jessica POLFJÄRD, Frances FITZGERALD, Christophe HANSEN

Proposal for a regulation
Recital 11 a (new)

(11a) It is necessary to explore additional means of enhancing the attractiveness of EU CCPs. This objective must be pursued while safeguarding the competitiveness of EU firms and upholding the freedom of choice for clearing market participants. To achieve a proportionate approach that bolsters EU capital markets, maintains financial stability, and strengthens the competitiveness of the Union's clearing system on a global scale, the implementation of an incentives regime is necessary to encourage businesses to move to EU CCPs.

2023/07/07
Committee: ECON

José Manuel GARCÍA-MARGALLO Y MARFIL, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Proposal for a regulation
Article 1 – paragraph 1 – point 2

When a multiple payment orders package has been placed by the PSU, the payer’s PSP shall start to convert that package into individual transactions as soon as possible. The time of receipt of an individual payment order belonging to that package shall be the moment when the payer’s PSP sends the ensuing payment transaction to the payee’s PSP.

2023/04/21
Committee: ECON

2022/0341(COD)

José Manuel GARCÍA-MARGALLO Y MARFIL, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Proposal for a regulation
Article 1 – paragraph 1 – point 2

Regulation (EU) No 260/2012
Article 5a – paragraph 3 a (new)

(3a) The time of receipt of a paper- based payment order for an instant credit transfer shall be the moment when the payer’s PSP has inserted it into its system. This shall be done as soon as possible after such order has been submitted to the payer’s PSP by the payer.

2023/04/21
Committee: ECON

José Manuel GARCÍA-MARGALLO Y MARFIL, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Proposal for a regulation
Article 1 – paragraph 1 – point 2

PSPs located in a Member State whose currency is the euro shall comply with this Article by …[ PO please insert the date = 612 months after the date of entry into force of this Regulation].

2023/04/21
Committee: ECON

2022/0341(COD)

José Manuel GARCÍA-MARGALLO Y MARFIL, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Proposal for a regulation
Article 1 – paragraph 1 – point 2

Regulation (EU) No 260/2012
Article 5b – paragraph 2 – subparagraph 2

PSPs located in a Member State whose currency is not the euro shall comply with this Article by …[ PO please insert the date = 3024 months after the date of entry into force of this Regulation].

2023/04/21
Committee: ECON

2022/0341(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2

~~Discrepancies between the name and payment account identifier~~Verification of a payee in case of instant credit transfers

2023/04/21
Committee: ECON

2022/0341(COD)

José Manuel GARCÍA-MARGALLO Y MARFIL, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Proposal for a regulation
Article 1 – paragraph 1 – point 2

Regulation (EU) No 260/2012
Article 5c – paragraph 1 – subparagraph 1

With regard to instant credit transfers, a payer’s PSP shall verify whether the payment account identifier and the name of the payee provided by the payer match. Where they do not match, that PSP shall notify the payer of any discrepancies detected and the degree of any such discrepancyprovide, free of charge, a service to verify the identity of the payee using the payment account identifier.

2023/04/21
Committee: ECON

Proposal for a directive
Recital 1 a (new)

(1 a) The promotion of a competitive and resilient Capital Markets Union, having a strong equity market as one of its pillars, is essential for the promotion of jobs, economic growth and investment. This is particularly important in a context of foreseened economic downturn and after a succession of economic crisis that led many companies to rely on debt instruments. Private investment through equity is pivotal to tackle the economic challenges that lie ahead. Therefore, a legal instrument to harmonize the legislative solutions for the debt-equity bias, without prejudice to the legitimate and effective use of debt instruments, is necessary.

2023/01/19
Committee: ECON

2022/0154(CNS)

(2) Member States’ tax systems allow the taxpayers to deduct interest payments on debt financing, and thereby reduce the corporate income tax liability, while costs related to equity financing are non-tax deductible in most Member States. The asymmetric tax treatment of debt and equity financing across the Union induces a bias towards debt in investment decisions. Moreover, where Member States provide for a tax allowance on equity financing in their domestic law, such national measures differ significantly in terms of policy design. It is therefore essential to safeguard a level playing field for equity solutions and debt instruments, having in regard the need to guarantee minimum levels of systematic coherence between national tax frameworks, namely at the tax benefits level.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Recital 3

(3) In order to remove possible tax related distortions among Member States, it is necessary to lay down a common framework of rules to address the tax related debt-equity bias across the Union in a coordinated manner, in full respect of the EU institutional framewok on tax matters established by the treaties. Such rules should ensure that equity and debt financing are treated in a similar way for tax purposes across the single market. At the same time, a common Union legislative framework should be sustainable also in the short term for Member States’ budgets. Such framework should therefore include rules, on the one hand, for the tax deductibility of equity financing costs and, on the other, for limiting the tax deductibility of debt financing costs.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Recital 4

(4) To ensure a simple and comprehensive legislative framework, the common framework of rules should apply to all undertakings in the Union that are subject to corporate income tax in a Member State. Financial undertakings have special features and require a specific treatment. If the rules to address the tax related debt-equity bias were to apply to them, the economic burden of the measures would be unequally distributed at the expense of non-financial undertakings. Financial undertakings should therefore be excluded from the scope of this Directive to put them on equal footing with non- financial corporations.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Recital 5

(5) To neutralise the bias against equity financing, an allowance should be envisaged so that increases in a taxpayer's equity from one tax period to the next are deductible from its taxable base, subject to certain conditions. The allowance should be calculated by multiplying the increase in equity with a notional interest rate based on risk-free interest rate as laid down in the implementing acts adopted pursuant to Article 77e(2) of Directive 2009/138/EC. Such risk-free interest rates are already part of EU law and have been practically and effectively applied as such. Any part of the allowance that cannot be deducted in a tax period due to insufficient taxable profits may be carried forward. Taking into account the specific challenges that small- and medium-sized enterprises (SMEs) face in accessing capital markets, an increased allowance on equity should be envisaged for taxpayers that are SMEs. In order for the deduction of an allowance on equity to be sustainable for public finances in the short term, it should be properly and proportionately limited in time. To safeguard the system from abuses, it is necessary to exclude the tax value of a taxpayer's own shares as well as that of its participation in associated enterprises from the calculation of changes in equity. In the same vein, it is necessary to provide for the taxation of a decrease in a taxpayer’s equity from one tax period to the following one, to prevent an equity increase from being effected in an abusive manner. Such a rule would also encourage the retention of a level of equity. It would apply so that where there is a decrease in equity of a taxpayer that has benefitted from an allowance on equity increase, an amount calculated in the same way as the allowance would become taxable ~~for 10 tax periods~~; unless the taxpayer provides evidence that this decrease is exclusively due to losses incurred during the tax period or due to a legal obligation.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Recital 7

(7) To effectively address the tax- related debt-equity bias in a manner sustainable for the Union’s public finances, an allowance for equity financing should be accompanied by a limitation on the deductibility of debt financing costs. An interest limitation rule should therefore limit the deductibility of exceeding borrowing costs and apply independently from the allowance, excluding from this to the SMEs and their loans, as they are more vulnerable. Given the different objectives between such a rule and the existing anti-tax avoidance rule on interest limitation of Article 4 of Directive (EU) 2016/1164, both rules should be maintained. Taxpayers should first calculate the deductibility of exceeding borrowing costs under this Directive and then under ATAD. In the event that the latter results in a lower amount of deductible exceeding borrowing costs, the taxpayer should deduct this lower amount and carry forward or back any difference between the two amounts in accordance with Article 4 of ATAD.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Recital 9

(9) In order to evaluate the effectiveness of this Directive, the Commission should prepare and publish an evaluation report on the basis of the information provided by Member States and of other available data. The evaluation should include a section dedicated exclusively to SMEs and the impact on them. In the case of poor results, the Commission should present a proposal to remedy the problems identified.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Article 4 – paragraph 1 – subparagraph 1

An allowance on equity shall be deductible, for 105 consecutive tax periods, from the taxable base of a taxpayer for corporate income tax purposes up to 30% of the taxpayer's earnings before interest, tax, depreciation and amortisation (“EBITDA ”).

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Article 4 – paragraph 1 – subparagraph 3

Member States shall ensure that the taxpayers may carry forward, for a maximum of 510 tax periods, the part of the allowance on equity which exceeds 30% of EBITDA in a tax period.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Article 4 – paragraph 2 – subparagraph 1

Subject to Article 5, the base of the allowance on equity shall be calculated as the difference between the level of net equity at the end of the tax period and the level of net equity at the end of the previous tax period, in other words, the year-on-year increase in own funds.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Article 4 – paragraph 2 – subparagraph 2

The allowance on equity shall be equal to the base of the allowance multiplied by the 10-year risk-free interest rate for the relevant currency and increased by a risk premium of 1,5% or, where the taxpayer is an SME, a risk premium of ~~1.5~~2%.

2023/01/19
Committee: ECON

2022/0154(CNS)

Proposal for a directive
Article 4 – paragraph 3

3. If, after having obtained an allowance on equity, the base of the allowance on equity is negative in a tax period, an amount equal to the negative allowance on equity shall become taxable for 105 consecutive tax periods, up to the overall increase of net equity for which such allowance has been obtained under this Directive, unless the taxpayer provides sufficient evidence that this is due to accounting losses incurred during the tax period or due to a legal obligation to reduce capital.

2023/01/19
Committee: ECON

2022/0140(COD)

Proposal for a regulation
Article 2.º – paragraph 2 – point a

(a) ‘personal electronic health data’ means data concerning health and genetic data as defined in Regulation (EU) 2016/679, ~~as well as data referring to determinants of health, or data processed in relation to the provision of healthcare services,~~ processed in an electronic form;

2023/03/30
Committee: ENVI LIBE

2022/0140(COD)

Proposal for a regulation
Article 35.º – paragraph 1 – point b

~~(b) taking decisions in relation to a natural person or groups of natural persons to exclude them from the benefit of an insurance contract or to modify their contributions and insurance premiums;~~deleted

2023/03/30
Committee: ENVI LIBE

2022/0051(COD)

Proposal for a directive
Article 1 – paragraph 1 – subparagraph 2

The nature of business relationships as ‘established’ shall be reassessed periodically~~, and at least every 12 months~~.

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 1 – paragraph 2

2. This Directive shall not constitute grounds for reducing the level of protection of human rights or of protection of the environment or the protection of the climate provided for by the law of Member States ~~at the time of the adoption of this Directive~~.

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 2 – paragraph 1 – point a

(a) the company had more than 51000 employees on average and had a net worldwide turnover of more than EUR 15300 million in the last financial year for which annual financial statements have been prepared;

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 2 – paragraph 1 – point b – introductory part

(b) the company did not reach the thresholds under point (a), but had more than 2500 employees on average and had a net worldwide turnover of more than EUR 450 million in the last financial year for which annual financial statements have been prepared, provided that at least 50% of this net turnover was generated in one or more of the following sectors:

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 2 – paragraph 2 – point b

(b) generated a net turnover of more than EUR 450 million but not more than EUR 150 million in the Union in the financial year preceding the last financial year, provided that at least 50% of its net worldwide turnover was generated in one or more of the sectors listed in paragraph 1, point (b).

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 2 – paragraph 3

3. For the purposes of paragraph 1, the number of part-time employees shall be c~~alculated on~~onsidered, representing 50% of a full- time equivalent ~~basis~~employee. Temporary agency workers shall be included in the calculation of the number of employees in the same way as if they were workers employed directly for the same period of time by the company.

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point a – point iv – indent 2

— an investment firm as defined in Article 4(1), point (1), of Directive 2014/65/EU the European Parliament and of the Council112 ; __________________ 112 Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point a – point iv – indent 3

— an alternative investment fund manager (AIFM) as defined in Article 4(1), point (b), of Directive 2011/61/EU of the European Parliament and of the Council (2), including a manager of Euveca under Regulation (EU) No 345/2013 of the European Parliament and of the Council113 , a manager of EuSEF under Regulation (EU) No 346/2013 of the European Parliament and of the Council114 and a manager of ELTIF under Regulation (EU) 2015/760 of the European Parliament and of the Council115 ; __________________ 113 Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds (OJ L 115, 25.4.2013, p. 1). 114 Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds (OJ L 115, 25.4.2013, p. 18). 115 Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (OJ L 123, 19.5.2015, p. 98).deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point a – point iv – indent 4

— an undertaking for collective investment in transferable securities (UCITS) management company as defined Article 2(1), point (b), of Directive 2009/65/EC of the European Parliament and of the Council116 ; __________________ 116 Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 302, 17.11.2009, p. 32).deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point a – point iv – indent 9

~~— an alternative investment fund (AIF) managed by an AIFM as defined in Article 4(1), point (b), of Directive 2011/61/EU or an AIF supervised under the applicable national law;~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point a – point iv – indent 10

~~— UCITS in the meaning of Article 1(2) of Directive 2009/65/EC;~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point a a (new)

(a a) 'investee company' means a company in which an institutional investor or asset manager invests through transferable securities or money market instruments as defined in Section C Annex I of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU, which is not a controlled undertaking;

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point a c (new)

(a c) 'institutional investor' means an entity as defined by Article 2(e)of Directive 2007/36/EC, within the scope of Article 2 of this Directive;

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point a b (new)

(a b) 'asset manager' means an entity as defined by Article 2(f) of Directive 2007/36/EC, within the scope of Article 2 of this Directive;

2022/10/27
Committee: ECON

2022/0051(COD)

Isabel BENJUMEA BENJUMEA, Danuta Maria HÜBNER, Lídia PEREIRA, Frances FITZGERALD

Proposal for a directive
Article 3 – paragraph 1 – point e – point i

(i) with whom the company has a commercial agreement or ~~to whom the company~~an agreement to provides financing, insurance or reinsurance,, or

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point f

(f) ‘established business relationship’ means a business relationship, whether direct or indirect, which is~~, or which is expected to be~~ lasting, in view of its intensity or duration and which does not represent a negligible or merely ancillary part of the value chain;

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 5 – paragraph 2

2. Member States shall ensure that the companies update their due diligence policy ~~annual~~regularly.

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 2 – point c

~~(c) make necessary investments, such as into management or production processes and infrastructures, to comply with paragraph 1;~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 4 – subparagraph 2 a (new)

Contractual assurances must be proportional, reasonable and adequate to the nature of the companies integrated in the business relationship, preserving the viability and competitiveness of such companies;

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 5 – subparagraph 1

As regards potential adverse impacts within the meaning of paragraph 1 that could not be prevented or adequately mitigated by the measures in paragraphs 2, 3 and 4, the company shall be required to refrain from entering into new or extending existing relations with the partner in connection with or in the value chain of which the impact has arisen and shall, where the law governing their relations so entitles them to, take the following actions: (a) relations with the partner in question, while pursuing prevention and minimisation efforts, if there is reasonable expectation that these efforts will succeed in the short-term; (b) terminate the business relationship with respect to the activities concerned if the potential adverse impact is severe.deleted temporarily suspend commercial

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 5 – subparagraph 2

~~Member States shall provide for the availability of an option to terminate the business relationship in contracts governed by their laws.~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 6

6. By way of derogation from paragraph 5, point (b), when companies referred to in Article 3, point (a)(iv), provide credit, loan or other financial services, they shall not be required to terminate the credit, loan or other financial service contract when this can be reasonably expected to cause substantial prejudice to the entity to whom that service is being provided.deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 3 – point c

(c) seek proportional, adequate and reasonable contractual assurances from a direct partner with whom it has an established business relationship that it will ensure compliance with the code of conduct and, as necessary, a corrective action plan, including by seeking corresponding contractual assurances from its partners, to the extent that they are part of the value chain (contractual cascading). When such contractual assurances are obtained, paragraph 5 shall apply.

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 3 – point d

~~(d) make necessary investments, such as into management or production processes and infrastructures to comply with paragraphs 1, 2 and 3;~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 6 – subparagraph 1 – introductory part

As regards actual adverse impacts within the meaning of paragraph 1 that could not be brought to an end or the extent of which could not be minimised by the measures provided for in paragraphs 3, 4 and 5, the company shall refrain from entering into new or extending existing relations with the partner in connection to or in the value chain of which the impact has arisen and shall, where the law governing their relations so entitles them to, take one of the following actions:deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 6 – subparagraph 1 – point a

~~(a) temporarily suspend commercial relationships with the partner in question, while pursuing efforts to bring to an end or minimise the extent of the adverse impact, or~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 6 – subparagraph 1 – point b

~~(b) terminate the business relationship with respect to the activities concerned, if the adverse impact is considered severe.~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 6 – subparagraph 2

~~Member States shall provide for the availability of an option to terminate the business relationship in contracts governed by their laws.~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 7

7. By way of derogation from paragraph 6, point (b), when companies referred to in Article 3, point (a)(iv), provide credit, loan or other financial services, they shall not be required to terminate the credit, loan or other financial service contract, when this can be reasonably expected to cause substantial prejudice to the entity to whom that service is being provided.deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 10 – paragraph 1

Member States shall ensure that companies carry out periodic assessments of their own operations and measures, those of their subsidiaries and, where related to the value chains of the company, those of their established business relationships, to monitor the effectiveness of the identification, prevention, mitigation, bringing to an end and minimisation of the extent of human rights and environmental adverse impacts. Such assessments shall be based, where appropriate, on qualitative and quantitative indicators and be carried out ~~at least every 12 months~~regularly and whenever there are reasonable grounds to believe that significant new risks of the occurrence of those adverse impacts may arise. The due diligence policy shall be updated in accordance with the outcome of those assessments.

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 20 – paragraph 3

~~3. When pecuniary sanctions are imposed, they shall be based on the company’s turnover.~~deleted

2022/10/27
Committee: ECON

2022/0051(COD)

Proposal for a directive
Article 24

~~Member States shall ensure that companies applying for public support certify that no sanctions have been imposed on them for a failure to comply with the obligations of this Directive.~~Article 24 deleted Public support

2022/10/27
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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))

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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))

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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)

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2201(INI)

Motion for a resolution
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;

2022/05/13
Committee: ECON

2021/2185(INI)

Motion for a resolution
Paragraph 1

1. Emphasises that the challenges arising from the COVID-19 pandemic need to be adequately taken into account and that the guiding principle should be the phasing out of specific support measures in a reasonable, p~~hasing out of specific support measur~~rogressive, proportionate manner and according to a timeframe enabling full compliance with competition law while safeguarding the competitiveness of our companies;

2022/01/27
Committee: ECON

2021/2185(INI)

Motion for a resolution
Paragraph 3 a (new)

3a. Advocates for this in-depth review, which must necessarily focus on safeguarding the competitiveness of European businesses and promoting economic growth, to seek to establish flexibility mechanisms in European competition law for exceptional situations such as pandemics; believes, however, that European competition law currently comprises stringent requirements for the protection of free competition in the internal market and that under no circumstances should exceptional arrangements become windows of opportunity for channelling public funding – whether national or European – into capitalising companies that are economically unviable or of no real strategic interest to the public;

2022/01/27
Committee: ECON

2021/2185(INI)

Motion for a resolution
Paragraph 4 a (new)

4a. Takes a positive view of the use made of the temporary framework for State aid measures, stressing the appropriateness and reasonableness of the decisions taken in its implementation; asks, however, the Commission to provide a timely assessment as soon as possible to enable the European Parliament to have a solid and fact-based political debate and provide Europe’s lawmakers with relevant information for a future amendment of the legal framework;

2022/01/27
Committee: ECON

2021/2185(INI)

Motion for a resolution
Paragraph 10

10. Welcomes the launch of the EU-US Trade and Technology Council (TTC), which will seek to deepen economic and transatlantic relations based on common values; notes ~~with appreciation~~and takes a positive view that the transformation of the EU’s rules vis-à- vis digital platform companies is mirrored by comparable legislative initiatives and individual investigations in the US, while hoping that this reciprocal effort will be maintained and deepened;

2022/01/27
Committee: ECON

2021/2185(INI)

Motion for a resolution
Paragraph 24 a (new)

24a. Stresses the importance of guarantees of independence for national supervisory and competition authorities, reiterating the ever-growing need to ensure more effective channels of communication, information and cooperation at European level; emphasises in this regard the need to provide these authorities with the necessary human, financial and technological resources for the proper performance of their tasks; highlights, lastly, the importance of maintaining the most stringent requirements of transparency and independence concerning the mandates of these authorities, from the mechanisms for appointment to the rules for access to information;

2022/01/27
Committee: ECON

2021/2184(INI)

Motion for a resolution
Recital A a (new)

AA. whereas the banking union cannot be considered complete without a European deposit insurance scheme (EDIS), which would complete the economic and monetary union;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Recital D a (new)

DA. whereas the banking sector plays a crucial role in supporting Europe's economic recovery, particularly through the channelling of key financing to foster investment and thus create business opportunities and jobs;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Recital F a (new)

FA. whereas the challenges arising from the digitalisation of economies, of the banking sector and of financial markets include crypto-assets and crypto- currencies, which are complex phenomena that call for sound political responses which balance incentive to innovate and protection for investors and consumers; and whereas banks have a growing responsibility in this area;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Paragraph 5

5. Notes that the EBA, the ECB and the SRB still see many problems in the banking system, such as high stocks of non-performing loans (NPLs), exposures to sectors which are sensitive to the COVID- 19 crisis, deficiencies in risk management, and discrepancies in the implementation of International Financial Reporting Standard 9 (IFRS 9); underlines with concern that these problems are likely to increase after the withdrawal of the emergency measures; points out that the national picture in this area differs significantly from one Member State to the next;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Paragraph 14

14. Draws attention to the dangers of a ~~very loose~~ monetary policy that might stimulat~~ing~~e inflation; points out the need for the gradual tightening of monetary policy in a gradual process that takes account of the exceptional circumstances of the pandemic and of economic recovery;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Paragraph 18

18. Underlines the need to protect consumers from abuses and harmful practices and therefore calls on the Commission to ensure that all EU legislation on banking supervision is upheld and urges the Member States to adopt and implement EU legislation properly;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Paragraph 21

21. Supports the updating of State aid rules in order to ensure their greater adequacy and consistency with the SRM framework; emphasises that one of the goals of such an update should be to enable quick and effective interventions under the SRM or in the alternative liquidation regime, safeguarding fair competition in the banking sector, the integrity of the banking union and the requisite speed and efficiency, without drowning national and European authorities and market agents in red tape;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Paragraph 22

22. Recalls that the SSM and the SRM operate at EU level, while deposit guarantee schemes (DGSs) are operated at national level; recognises that a European deposit insurance scheme (EDIS) would improve protection for depositors in the EU; calls, therefore, for the rapid approval and implementation of the EDIS as a means to complete the banking union and turn it into a more effective tool with a view to fully establishing the economic and monetary union;

2022/02/17
Committee: ECON

2021/2184(INI)

Motion for a resolution
Paragraph 23

23. Notes the ongoing discussion of various concepts for the EDIS; understands that this discussion should take account of Parliament's positions, of input from the European Central Bank and national central banks, which are highly qualified to give input, of the proposals from the European banks and other economic and financial agents involved, of experience from similar national tools and of good practices in this area put forward by third countries; insists, however, that this discussion process should, out of necessity, be fast and focused on the key aspects with a view to the reasonably rapid adoption of the EDIS;

2022/02/17
Committee: ECON

2021/2097(INI)

Motion for a resolution
Recital B

~~B. whereas high flows of royalty, interest or dividend payments through a certain jurisdiction indicate that profits are being rerouted with the sole purpose of reducing the tax burden;~~deleted

2021/11/25
Committee: ECON

2021/2097(INI)

Motion for a resolution
Recital G a (new)

G a. whereas the European Parliament stands for high standards of cooperation between Member States regarding taxation, in order to protect and safeguard the integrity of the Single Market; whereas any legislative initiative must respect the European institutional framework and the set of EU competences on the matter; whereas the European Parliament respects the principle of national tax sovereignty;

2021/11/25
Committee: ECON

2021/2097(INI)

Motion for a resolution
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 jurisdictions; ~~regret~~notes the fact that the scope is ~~limit~~focused ton multinational enterprises with a global consolidated turnover of at least EUR 750 million;

2021/11/25
Committee: ECON

2021/2097(INI)

Motion for a resolution
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 States~~; 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;

2021/11/25
Committee: ECON

2021/2097(INI)

Motion for a resolution
Paragraph 8

8. Notes that the lack of an effective minimum tax rate on dividend payments to shareholders has triggered a race to the bottom in this field; calls for the adoption of an effective minimum tax rate for dividend payments to shareholders in the EU, thereby reducing harmful tax competition in this realm;deleted

2021/11/25
Committee: ECON

2021/2097(INI)

Motion for a resolution
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 pr~~opose measures to link tax reclaims to the underlying distribution of dividends, or to entrust a single entity with res~~esent an impact assessment on possible solutions to tackle these schemes, namely the ponssibility ~~for collecting the withholding tax and issuing the relevant certificate~~to link tax reclaims to the underlying distribution of dividends;

2021/11/25
Committee: ECON

2021/2097(INI)

Motion for a resolution
Paragraph 15

15. Encourages the development of a harmonised EU procedure for withholding tax refunds for all Member States, thereby addressing the concerns about regulatory discrepancies, in full respect of the EU competences on taxation;

2021/11/25
Committee: ECON

2021/2074(INI)

Motion for a resolution
Recital F a (new)

F a. whereas the economic recovery effort must be enhanced by reforms on taxation that preserves taxpayers rights, reduces bureaucracy and aim to reduce the tax burden both on individuals and companies;

2021/10/28
Committee: ECON

2021/2074(INI)

Motion for a resolution
Paragraph 1 a (new)

1 a. Calls on the Member States to perform reforms on tax systems, taking advantage of the opportunities that come from the impact of european instruments that aim to support the economic recovery; stresses that these reforms must respect the european fiscal framework; recalls that these reforms are performed in full respect of national competences on tax matters, but a strong coordination between Member States results in significant added-value;

2021/10/28
Committee: ECON

2021/2074(INI)

Motion for a resolution
Paragraph 15 a (new)

15 a. Calls on the Member States to compromise on a strong, comprehensible and ambitious reform on indirect taxation, mainly on the Value Added Tax (VAT); stresses that reducing complexity and bureaucracy and properly address tax fraud and evasion on VAT is essential to preserve the integrity of the internal market;

2021/10/28
Committee: ECON

2021/2074(INI)

Motion for a resolution
Paragraph 15 b (new)

15 b. Calls on Member States to perform sound and robust reforms on the complexity of tax systems, with the aim to reduce bureaucracy, the administrative burden and the compliance costs; recalls that there is high added value on european cooperation on this matter and on the exchange of best practices between tax administrations;

2021/10/28
Committee: ECON

2021/2074(INI)

Motion for a resolution
Paragraph 15 c (new)

15 c. Stands for high standards of respect for taxpayers rights, especially on privacy and data protection, in any political and legislative process regarding taxation;

2021/10/28
Committee: ECON

2021/2074(INI)

Motion for a resolution
Paragraph 15 d (new)

15 d. Recalls that the european companies, especially Small and Medium Enterprises, are the main enhancers of economic growth and job creation; calls on Member States to perform reforms on taxation that significantly reduce the compliance costs for companies, simplifying procedures and eliminating the excess of bureaucracy; underlines that transparency rules are essential to guarantee high standards of compliance and combat tax fraud and evasion, but these rules must comprehend the preservation of european companies competitiveness; recalls that labour costs are significantly high in some Member States and the companies must be able to employ workers without excessive costs that can deter investment strategies;

2021/10/28
Committee: ECON

2021/2074(INI)

Motion for a resolution
Paragraph 16 a (new)

16 a. Understands that this Tax Scoreboard must be build as an instrument to help Member States on performing sound and robust reforms on tax matters; rejects the idea of the use of this scoreboard to shame specific Member States; stands for a strong cooperation with current european platforms to build this scoreboard; understands that this new instrument can be useful for the European Semester process and, specifically, for the country specific recommendations;

2021/10/28
Committee: ECON

2021/2061(INI)

Motion for a resolution
Recital C a (new)

Ca. whereas, nevertheless, the Commission’s summer economic forecast shows a significant difference in the pace of recovery of the different Member States, with a disparity ranging from 2.7% to 7.4%; whereas these differences justify a country-specific approach, not only in recovery and resilience plans and in the implementation of the multiannual financial framework, but also in the application of budgetary rules;

2021/07/15
Committee: ECON

2021/2061(INI)

Motion for a resolution
Recital G a (new)

Ga. whereas, furthermore, public debt values (absolute) and ratio to GDP values differ significantly from one country to another; whereas this reality pre-dated the pandemic and the consequences of the pandemic aggravated it; and whereas reduction pathways should be tailored to the specific reality of each country;

2021/07/15
Committee: ECON

2021/2061(INI)

Motion for a resolution
Paragraph 5 a (new)

5a. Favours a comprehensive review of the European Union’s economic governance framework, in particular with respect to the Stability and Growth Pact and the European Semester; calls, therefore, on the Commission to put forward specific proposals as soon as possible; favours the swift completion of this review process before the deactivation of the general escape clause and therefore before the end of 2022;

2021/07/15
Committee: ECON

2021/2061(INI)

Motion for a resolution
Paragraph 9 a (new)

9a. Urges Member States to implement their national recovery and resilience plans swiftly, transparently and competently, channelling funds allocated to boosting private investment, to supporting micro, small and medium- sized enterprises, and to modernising productive sectors, in particular those most affected by the pandemic; regrets, in this regard, the absorption of a large part of RRF funds by public administrations in some countries, a phenomenon that significantly reduces the capacity of businesses to finance projects;

2021/07/15
Committee: ECON

2021/2061(INI)

Motion for a resolution
Paragraph 17 a (new)

17a. Regrets the lack of specific responses from Member States to many of the recommendations received, which shows a serious disregard for the instrument of country-specific recommendations; takes the view, in this regard, that the economic governance framework has significant but complex flexibility mechanisms and that, therefore, it is important to simplify procedures and focus the European Semester on the essentials, relating to budgetary policy;

2021/07/15
Committee: ECON

2021/2061(INI)

Motion for a resolution
Paragraph 17 b (new)

17b. Calls on Member States to adopt ambitious strategies for a progressive and swift reduction of budget deficits, safeguarding the investment policies required to respond to the current economic framework; expresses concern about the situation of Member States that achieve deficit levels by virtue of extraordinary measures (that have no impact on the following budgetary year) or policies of non-implementation of national budgets (budget blocking), which usually mean significant cuts to essential public services; advocates a structured, open and transparent dialogue between the Commission and Member States with high budget deficits to establish structural reduction pathways, with full safeguarding of sufficient funding to ensure the quality and accessibility of public services;

2021/07/15
Committee: ECON

2021/2061(INI)

Motion for a resolution
Paragraph 20 a (new)

20a. Agrees with the European Court of Auditors’ criticisms of the country- specific recommendations and stresses the need for these recommendations to take account of the actual economic and budgetary reality of each Member State and to be sufficiently specific for serious democratic scrutiny and more efficient implementation; believes, in this regard, that the Parliament should be called upon to play a more active role in the debate on these recommendations;

2021/07/15
Committee: ECON

2021/2061(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 20 b (new)

20b. Reaffirms the need for country- specific recommendations to have an impact on structural reforms in Member States and reiterates the need, in this context, to have a short-, medium- and long-term outlook for each of the recommendations;

2021/07/15
Committee: ECON

2021/2013(INI)

Motion for a resolution
Recital A

A. whereas health is fundamental to the well-being of Europeans and equitable access to healthcare is a pillar of the EU; whereas safe, affordable medicines are needed to combat all diseases; whereas patients should be at the centre of all health policies, alongside investment and research, and in every aspect of the medicine regulatory lifecycle;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Recital B a (new)

B a. whereas the disruption of the global supply chain ensuing from the COVID-19 pandemic has highlighted the EU’s dependency on third countries in the health sector; whereas the EU's open strategic autonomy and security of supply should be ensured by diversification of supply chains for essential medicines and medicinal products, including European manufacturing sites, as well as by applying public procurement rules that should not consider price as the sole criterion;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Recital C a (new)

C a. whereas a competitive and resilient European research-based pharmaceutical industry is more responsive to patients’ needs and to strategic interest for public health, economic growth, jobs, trade, and scientific and technological progress;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN

Motion for a resolution
Paragraph 1 a (new)

1 a. Stresses the importance of improving patients and healthcare professionals’ education on medicines by setting up a dedicated Europe-wide online resource centre;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 1 b (new)

1 b. Welcomes the upcoming creation of the European Health Emergency Preparedness and Response Authority (HERA) and calls for the allocation of sufficient resources and power autonomy to broadly address all the cross-borders threats to health that EU could face in the middle term and beyond the sole COVID- 19 pandemic, including resources for the development of new therapeutics against viral and bacterial pathogens;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN

Motion for a resolution
Paragraph 2 a (new)

2 a. Considers the serious and constantly increasing risks of AMR to public health, environment, food production, and economic growth; recognises the value of public health campaigns aimed at the prevention of infections using vaccines;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN

Motion for a resolution
Paragraph 4

4. Calls on the Commission to incorporate new criteria into the system of incentives for research into and the development of new medicines for unmet therapeutic needs, prioritising projects promoted by the pharmaceutical industry combating rare diseases, paediatric cancers (especially to incentivise First-in-Child development of paediatric anticancer medicines), neurodegenerative diseases and AMR, with the aim of finding more therapeutic options and meeting the needs of patients and health systems; calls on the Commission to promote the creation of an EU framework to guide and regularly evaluate the implementation of national plans to fight these diseases;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN

Motion for a resolution
Paragraph 5

5. Calls on the Commission to promote dialogue with the Member States and stakeholders to assess new criteria for national pricing, such as whether a product is ‘Made in Europe’, whether the EU invested in the product to support research, or whether prices should be adapted to the value of the therapeutic benefit of the medicine, or whether it is a generic or biosimilar medicine, and the primary and broader needs of the population;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 5 a (new)

5 a. Calls on the Commission to apply public procurement rules that should not consider price as the sole and main selection criterion;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN

Motion for a resolution
Paragraph 7 a (new)

7 a. Stresses that cost savings generated from the use of biosimilars should be reinvested in a transparent and tangible way; calls on the European Commission to encourage Member States to support the transparent practices of biosimilar-related cost savings; calls on the European Commission to facilitate arrangements such as gainsharing programmes;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Inese VAIDERE, Roberta METSOLA

Motion for a resolution
Paragraph 7 b (new)

7 b. Calls on the Commission to ensure that EU funding for biomedical research and development includes clauses that contribute to the availability and affordability of final products;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Stelios KYMPOUROPOULOS, Cindy FRANSSEN

Motion for a resolution
Paragraph 8

8. Welcomes the fact that the Commission will launch a pilot project to better understand the root causes of the delayed arrival of medicines on the market; further welcomes the fact that the Commission will continue to monitor mergers between pharmaceutical companies to avoid distortions of competition; stresses the need to reduce medicine approval times, setting a time limit for approval at national level, and align them with European Medicines Agency (EMA) times, in order to ensure rapid and equal access to medicines for everyone in the EU;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN, Inese VAIDERE

Motion for a resolution
Paragraph 9

9. Highlights the benefits of public- private partnership tenders for national health systems in funding research into and the production of innovative medicines, only if driven by public interest considerations;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN

Motion for a resolution
Paragraph 11 a (new)

11 a. Calls on the Commission to create a High-Level Forum on Better Access to Medicines to identify multi-stakeholder solutions to introducing new health technologies that can broaden access, reduce delays and mitigate the impact of shortages;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS

Motion for a resolution
Paragraph 12

12. Insists that a competitive EU pharmaceutical industry is strategic and more responsive to patients’ needs; points out that the industry needs a stable, flexible and agile regulatory environment; believes that it can thrive globally with a clear, robust and efficient intellectual property system; welcomes the initiative to build interoperable digital infrastructure for the European Health Data Space, which will integrate data from real-world evidence;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 12 a (new)

12 a. Calls on the Commission to expand the role of EMA in the assessment of drug-device/diagnostic combination products to simplify the fragmented supervisory framework; believes that greater regulatory agility and efficiency can be achieved by adopting a more expertise-driven scientific assessment on marketing authorisations within the European Medicines Agency(EMA);

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN

Motion for a resolution
Paragraph 12 b (new)

12 b. Calls on the Commission to legitimise EMA’s PRIME scheme and include a PRIME designation in the legislative framework;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 12 c (new)

12 c. Calls on the Commission to facilitate assessment processes that allow for early and iterative dialogue on data and evidence as they are generated; calls on the EMA and national medicine agencies to prioritise the submission of data from randomised controlled clinical trials that compare an investigational medicine against the standard treatment;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 12 d (new)

12 d. Requests the Commission to work with Member States to reduce fragmentation in the application of the General Data Protection Regulation, which substantially increases the complexity and burden of conducting clinical research in Europe;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 12 e (new)

12 e. Notes that decisions taken regarding the EU's pharmaceutical regulatory environment will have implications beyond Europe's borders, given that several third countries recognize and rely on EU requirements, particularly when it comes to the facilitation of exports and the waiving of requirements to test these in third countries when they come from the EU; therefore emphasizes the importance of maintaining such mutual recognition agreements with third countries and ensuring that these remain up to date;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 15

15. Highlights the fact that gene and cell therapies, personalised medicine, nanomedicines and nanotechnology, next- generation vaccines, including the m-RNA derivatives, e-health and the ‘Million plus genomes’ initiative can bring enormous benefits in relation to the prevention, diagnosis, treatment and post-treatment of all diseases; urges the Commission to develop appropriate regulatory frameworks, to guide new business models, and to run information campaigns to raise awareness and encourage the use of these innovations;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN

Motion for a resolution
Paragraph 15 a (new)

15 a. Recognises that ATMPs are fundamentally different from traditional pharmaceuticals as they address the root causes of disease and that their fundamental durability and potential curative nature can allow them to be the future of medicine; acknowledges that regulatory bodies such as the EMA are set to review and approve dozens of ATMPs over the coming years, underlining the need for the Commission to establish in addition to its ATMP Action Plan a robust regulatory landscape that facilitates access for all the eligible European patients, and to continue to build on Europe’s position as a major player in ATMPs in order for Europe to remain globally competitive in ATMP development;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Cindy FRANSSEN, Inese VAIDERE

Motion for a resolution
Paragraph 15 b (new)

15 b. Calls on the Commission to establish a coordinating body to facilitate cross-border treatments and to ensure that patients across Europe enjoy equitable access to innovative therapies; urges the Commission to work with the EMA to create a one-stop-shop for ATMP developers to seek guidance and communication on their applications;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Roberta METSOLA

Motion for a resolution
Paragraph 15 c (new)

15 c. Calls on the Commission to establish a regulatory framework for nanomedicines and nanosimilars, and calls for these products to be approved through a compulsory centralised procedure;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Stelios KYMPOUROPOULOS, Cindy FRANSSEN, Inese VAIDERE, Roberta METSOLA

Motion for a resolution
Paragraph 20

20. Supports the Commission in its efforts to conduct a structured dialogue with players in the pharmaceutical value chain, public authorities, non-governmental patient and health organisations and the research community to address the root causes of shortages of medicines and the weaknesses in the global medicines manufacturing and supply chain;

2021/06/10
Committee: ENVI

2021/2013(INI)

Dolors MONTSERRAT, Lídia PEREIRA, Radan KANEV, Bartosz ARŁUKOWICZ, Pernille WEISS, Cindy FRANSSEN

Motion for a resolution
Paragraph 22

22. Stresses the need for the pharmaceutical industry to be environmentally friendly and climate- neutral throughout the life cycles of medicinal products; calls on the Commission to strengthen inspection and auditing throughout the production chain, particularly outside the EU; urges the Commission to ensure quality environmental sustainability standards for active pharmaceutical ingredients imported from non-EU countries; calls on the Commission to address the problem of domestic pharmaceutical waste, with measures to reduce packaging and the size of containers to ensure they are no larger than necessary, and to bring medical prescriptions into line with real therapeutic needs; notes that the creation of electronic systems of information and identification of packaging would be an effective way to reduce it; acknowledges steps taken already by the pharmaceutical industry like, for example, the Eco-Pharmaco- Stewardship initiative;

2021/06/10
Committee: ENVI

2021/2010(INI)

Motion for a resolution
Citation 5 a (new)

— having regard to the Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions of 19 February 2020 entitled “Shaping Europe’s digital future” (COM/2020/67),

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Citation 15 a (new)

— having regard the OECD/G20 Base Erosion and Profit Shifting Project Economic Impact Assessment on Tax Challenges Arising from Digitalisation publish in October 2020,

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Recital F a (new)

F a. whereas uncoordinated and distinct Digital Service Taxes, introduced by Member States, with different taxation rules and criteria, increases fragmentation within the European Single Market, creates more tax uncertainty and have less efficiency when compared with a common solution on the European level;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Recital F b (new)

F b. whereas measures taken unilaterally by the Member States are susceptible to increase international trade disputes, which can affect both digital and non-digital businesses within the European Single Market;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Recital I a (new)

I a. whereas digital businesses rely heavily on intangible assets, particularly through the use and monetisation of user data, to create content, and this creation of value is not captured by the current tax systems; whereas this phenomena misaligns the place of value creation with the place of taxation;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Recital I b (new)

I b. whereas the lack of an international agreement or an European regulation on digital taxation is an obstacle for a more competitive and growth friendly business environment within the Digital Single Market;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Recital I c (new)

I c. whereas the severe economic crisis that the European Union is facing require modern and intelligent tax policies that allow Member States to collect, in a more efficient and effective way, taxes due for activities pursued within the Single Market;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 1

1. Notes that the current rules date back to the early 20th century, and are mainly based on physical presence; points out that digitalised companies can engage in significant business activities in a jurisdiction without physical presence there, and therefore taxes paid in one jurisdiction no longer reflect the value and profits created there; regrets that the traditional concept of permanent establishment fails to cover the new aspects of digital businesses, and underlines the need to define virtual permanent establishment, bearing in mind where value is captured; stresses that users of online platforms and consumers of digital services cannot be shifted outside a jurisdiction in the same way as capital and labour, and should therefore be the basis for the definition of a new tax nexus in order to provide an effective remedy against aggressive planning and tax avoidance;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 2

2. Regrets the shortcomings of the international tax system, which is unfit for properly addressing the challenges of globalisation and digitalisation; highlights the need for the recognition of user participation as source of taxable value and calls for an international agreement aiming for a fair and effective tax system;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 3

3. Highlights the need to address the under-taxation of the digital economy, when compared to the traditional economy, while ensuring a fair distribution of taxing rights among all countries where the value creation of multinational digital companies takes place;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 4 a (new)

4 a. Recognizes the rapid digitalisation of most economic sectors and the need for a future-proof tax system, that does not ring-fence the digital economy, but ensures a fair distribution of revenues across the different countries where value is created;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 4 b (new)

4 b. Notes the importance in distinguishing the role of both taxation and regulation, and that future digital tax policies should not be formulated to correct deficiencies in the digital economy, such as rents from monopoly power over information, being regulatory measures more appropriate instead;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 9 a (new)

9 a. Recognizes the negative effects of international trade disputes, and regrets any shortfalls that might occur to other economic sectors due to retaliations that would not occur under an international agreement;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 10

10. Regrets that the failure of the G20/OECD IF to find a solution in October 2020 will prolong the under-taxation of the digital economy; stresses that the COVID 19 pandemic has largely benefited digital businesses, mostly multinational digital companies that were able to scale their operations in minimum costs, and accelerated the transition to a digital economy, thereby re-emphasising the need to reform the current tax system in order to ensure a fair contribution from the digital economy;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 11

11. Insists therefore that, regardless of the progress of the negotiations at the G20/OECD IF, the EU should stand ready to roll out its own solutions for taxing the digital economy by the end of 2021; calls on the Commission to present proposals by June 2021, while anticipating their compatibility with the reform by the G20/OECD IF to be agreed on; stresses the need to create a level playing field for providers of traditional services and digital services in the EU by ensuring that the latter are taxed at an adequate rate; invites the Commission to consider in particular introducing a European Digital Services Tax as a necessary first stepif a future international agreement is reached under the OECD/G20 IF, these European solutions should only be lifted immediately before the international implementation;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 11 a (new)

11 a. Emphasises that EU digital companies when being subjected to existing European corporate taxes, as their headquarters is located in a EU Member State, are in disadvantage when compared to foreign companies that although having operations with European users, do not have a “physical presence” in any Member State, and therefore are exempt from the corporate taxes; Stresses the need to create a level playing field for providers of traditional services and digital services in the EU by ensuring that the latter are taxed at an adequate rate; invites the Commission to consider in particular introducing a European Digital Services Tax as a necessary first step;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 11 b (new)

11 b. Stresses that any European Digital Services Tax must avoid unnecessary increases in compliance costs, providing clear definitions of taxable revenues and transparent provisions that are simple to abide and enforce, promoting legal and regulatory certainty; these must also include straightforward thresholds on the country-by-country economic revenue and user-based value creation to determine taxing rights, taking into consideration the size of each Member State market;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 11 c (new)

11 c. Calls for the adoption of proportionate rules to evade undermining SMEs, start-ups and companies that are engaged in the process of digitalising their businesses, as any further increase in their tax rates may stifle innovation and entrepreneurship; stresses that a growth-friendly tax policy aiming to strengthen the international competitiveness of the single market is needed;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 12

12. Understands that some Member States consider the taxation of digital economy an urgent issue and have therefore introduced digital services taxes at national level; recalls that these national measures should be phased out once a multilateral solution is found; calls on Member States to refrain from introducing national solutions unilaterally, as they create a risk of fragmentation ofand tax uncertainty within the single market; recalls that although taxation is primarily a Member State competence, they must exercise it in coherence with the common principles of EU law in order to ensure coherence between national frameworks, thereby allowing for fair competition and avoiding a negative impact on the overall coherence of EU taxation principles;

2021/03/01
Committee: ECON

2021/2010(INI)

Motion for a resolution
Paragraph 13 a (new)

13 a. Calls on the Member States to deliver on the Commission’s related proposals and to relaunch a high level political dialogue, within the Council, to guarantee a swift and effective decision- making process regarding digital taxation within the Single Market, regardless of the outcome of international negotiations;

2021/03/01
Committee: ECON

2021/2010(INI)

Lídia PEREIRA, Frances FITZGERALD

Motion for a resolution
Paragraph 14

14. Notes the Commission inception impact assessment on a Digital Levy of 14 January 2021; calls on the Commission to carefully assess how the scope, definition and segmentation of digital activities, transactions, services or companies will be in line with international efforts to find a global solution; acknowledges the three tax policy options mentioned in the inception impact assessment, and asks for a detailed assessment on the impacts each option would have both in the single market and any possible trade retaliations from other economic actors;

2021/03/01
Committee: ECON

2021/2010(INI)

Proposal for a regulation
Article 1 – paragraph 1 – point 19

~~(i) the amount of Common Equity Tier 1 capital of that subsidiary required to meet the following: — institution, the sum of the requirement laid down in Article 92(1), point (a), t~~deleted whe requirements referred to in Articles 458 and 459 , the specific own funds requirements referred to in Article 104 of Directive 2013/36/EU, the combined buffer requirement defined in Article 128, point (6), of that Directive, or any local supervisory regulations in third countries insofar as those requirements are to be met by Common Equity Tier 1 capital, as applicable; — investment firm, the sum of the requirement laid down in Article 11 of Regulation (EU) 2019/2033, the specific own funds requirements referred to in Article 39(2), point (a), of Directive (EU) 2019/2034, or any local supervisory regulations in third countries, insofar as those requirements are to be met by Common Equity Tier 1 capital, as applicable; the subsidiary is an where the subsidiary is an

2022/08/11
Committee: ECON

Peter LIESE, Ljudmila NOVAK, Liudas MAŽYLIS, Radan KANEV, Maria SPYRAKI, Lídia PEREIRA, Adam JARUBAS

(db) the following paragraph is added: “5b. The European Securities and Markets Authority (ESMA) shall regularly monitor the market integrity and transparency of the European carbon market. Each year, it shall produce a public report on the market integrity and transparency of the market, in particular examining the functioning of the market in light of any market volatility and price evolution, the operation of the auctions and trading operations on the market, liquidity and the volumes traded, and the categories and trading behaviour of market participants. Where relevant, this report shall include recommendations to strengthen market integrity and transparency. These recommendations shall, in particular, consider targeted revisions of the measures in the event of excessive price fluctuations or a modification of the penalty mechanisms, for example through a fluctuating penalty based on the previous year’s average auction price, the non-delivery of allowances, the adjustment of the quantity of subsequent auctions, or a combination thereof. These recommendations shall be assessed in the Commission report pursuant to paragraph 5 which shall be accompanied, where appropriate, by a legislative proposal by the Commission to improve the transparency and integrity of the European carbon market pursuant to Article 29.”

2022/02/28
Committee: ENVI

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 12 – point a – point i

Directive 2003/87/EC
Article 10a – paragraph 1 – subparagraph 2a

In the case of installations covered by the obligation to conduct an energy audit under Article 8(4) of Directive 2012/27/EU of the European Parliament and of the Council(*) [Article reference to be updated with the revised Directive], free allocation shall only be granted fully if the recommendations of the audit report are implemented, to the extent that the pay- back time for the relevant investments does not exceed five years and that the costs of those investments are proportionate. Otherwise, the amount of free allocation shall be reduced by ~~25 %~~a maximum of 25 %, a percentage that may be reduced proportionally in line with the recommendations that have been implemented. The amount of free allocation shall not be reduced if an operator demonstrates that it has implemented other measures which lead to greenhouse gas emission reductions equivalent to those recommended by the audit report. The measures referred to in the first subparagraph shall be adjusted accordingly

2022/02/28
Committee: ENVI

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 12 – point g

Directive 2003/87/EC
Article 10a – paragraph 8 – subparagraph 1

365 million allowances from the quantity which could otherwise be allocated for free pursuant to this Article, and 85 million allowances from the quantity which could otherwise be auctioned pursuant to Article 10, as well as the allowances resulting from the reduction of free allocation referred to in Article 10a(1a), shall be made available to a Fund with the objective of supporting innovation in low-carbon technologies and processes, and contribute to zero pollution objectives (the ‘Innovation Fund’). To foster innovation in breakthrough technologies as soon as possible, the Commission should ensure that the financing made available through the Innovation Fund is provided as soon as possible during the first years of implementation of the present Directive. Allowances that are not issued to aircraft operators due to the closure of aircraft operators and which are not necessary to cover any shortfall in surrenders by those operators, shall also be used for innovation support as referred to in the first subparagraph.

2022/03/01
Committee: ENVI

2021/0211(COD)

Peter LIESE, Ljudmila NOVAK, Liudas MAŽYLIS, Alexander BERNHUBER, Maria SPYRAKI, Pernille WEISS, Lídia PEREIRA, Deirdre CLUNE, Hildegard BENTELE

Proposal for a directive
Article 1 – paragraph 1 – point 12 – point g

Directive 2003/87/EU
Article 10a – paragraph 8 – subparagraph 3 a (new)

The Innovation Fund may also support Carbon Contracts for Difference (CCDs) to support decarbonisation technologies like CCS and CCU for which the carbon price might not be a sufficient incentive. The Commission shall adopt delegated acts in accordance with Article 23 to supplement this Directive concerning the rules on the operation of the CCDs by the 31 December 2023.

2022/03/01
Committee: ENVI

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 14 – point b

Directive 2003/87/EC
Article 10d – paragraph 2 – point f a (new)

(fa) support for outermost regions to adapt their port infrastructures to supplies of carbon-free fuels, ensuring a just transition.

2022/03/01
Committee: ENVI

Danuta Maria HÜBNER, Lídia PEREIRA, José Manuel GARCÍA-MARGALLO Y MARFIL, Frances FITZGERALD, Esther DE LANGE, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 6

6. Observes that SMEs ~~must~~ pay proportionately higher compliance costs, as these costs are fixed and independent of company size, and that high compliance costs constitute a barrier to entry into the EU internal market; takes the view, therefore, that significantly differentiated VAT regimes within the EU may act as a disincentive to exports;

2021/10/21
Committee: ECON

Motion for a resolution
Paragraph 3 b (new)

3 b. Observes that a fully-fledged Banking Union, together with fully integrated Capital Markets Union would support the functioning of the Economic and Monetary Union and a strengthened international role of the euro;

2021/05/27
Committee: ECON

35. Notes the importance of depositors across the Banking Union enjoying the same level of protection of their savings; takes note of the Commission proposal to introduce a European Deposit Insurance Scheme in order to further strengthen citizens’ confidence in the protection of deposits ~~by introducing an EDIS~~and enhance financial stability; considers the importance of EDIS in helping reduce the link between sovereigns and banks;

2021/05/27
Committee: ECON

2020/2091(INI)

Motion for a resolution
Paragraph 5

5. Acknowledges the fact that Member States have established an air quality monitoring network based on common criteria defined by the AAQ Directives, with more than 4 000 monitoring stations and 16 000 sampling points; points out that site location provisions involve multiple criteria and offer a degree of flexibility which can make verification more difficult, and which often generate data that does not provide information on where the highest concentrations of air pollutants occur; urges the Commission to review and establish new mandatory rules for locating monitoring stations and sampling points; stresses the importance of choosing an open and anonymised data format that can be used freely and without constraint by all, especially the scientific community;

2021/02/11
Committee: ENVI

2020/2091(INI)

Motion for a resolution
Paragraph 5 a (new)

5a. Considers that, while Member States have a duty to alert affected members of the public to the precautions necessary for as long as air quality has dropped to critical levels, efforts and investment should primarily be channelled into short- and long-term preventive and anticipatory anti-pollution measures;

2021/02/11
Committee: ENVI

2020/2091(INI)

Motion for a resolution
Paragraph 6 a (new)

6a. Believes Member States should seek to ensure that the example set by those cities with good practices in this area is followed by other cities in general through the formulation and implementation of contingency/emergency plans, to be activated as soon as possible where high concentrations of pollutant gases and particles that jeopardise the public health are predicted or are actually occurring;

2021/02/11
Committee: ENVI

2020/2091(INI)

Enikő GYŐRI, Eva MAYDELL, Danuta Maria HÜBNER, Inese VAIDERE, Siegfried MUREŞAN, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 6 b (new)

6b. Stresses the need to achieve healthier cities and substantial reductions in air pollution levels, for example through the creation of green areas and pedestrian and car-free zones in urban centres and by encouraging the use of bicycles and other eco-friendly devices through the extension of safe cycle paths in and around city centres;

2021/02/11
Committee: ENVI

2020/2078(INI)

Motion for a resolution
Paragraph 4

4. Recognises that the EU faces the unprecedented challenge of mitigating the social and economic consequences of the historic recession and setting the course for a rapid economic recovery linked to a strengthening of the Single Market and SMEs, competitiveness, sustainable and just transition and digital transformation; is convinced that, for this, a significant increase in p~~ublic and private investment compared to the 2010s~~rivate and public investment is indispensable and that the increased level of economically viable investment must be stabilised for many years to come, while there is also a need for enhanced convergence in the EU;

2020/07/13
Committee: ECON

2020/2078(INI)

Enikő GYŐRI, Markus FERBER, Eva MAYDELL, Danuta Maria HÜBNER, Siegfried MUREŞAN, Lídia PEREIRA, Luděk NIEDERMAYER, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 7

7. Recalls the specific need to foster convergence within the euro area and EU as such;

2020/07/13
Committee: ECON

2020/2078(INI)

Enikő GYŐRI, Markus FERBER, Agnès EVREN, Danuta Maria HÜBNER, Inese VAIDERE, Siegfried MUREŞAN, Lídia PEREIRA, Luděk NIEDERMAYER, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 11

11. ~~Propo~~Wishes to sese a ~~combination of expenditure rules for public non- inve~~rapid EU’s recovery from the COVID-19 crisis by stmren~~t expenditure and a golden rule for public investment which is central to both; wishes to see a rapid recovery from the COVID-19 crisis and~~gthening the Single Market, competitiveness, cohesion, a transition to a cleaner, socially sustainable and more digital society;

2020/07/13
Committee: ECON

2020/2078(INI)

Enikő GYŐRI, Agnès EVREN, Danuta Maria HÜBNER, Inese VAIDERE, Siegfried MUREŞAN, Lídia PEREIRA

Motion for a resolution
Paragraph 12 a (new)

12a. Calls on the Commission urgently to start work on the creation of dedicated coordination mechanism in the EU to ensure that Europe is able to become the first climate-neutral continent by 2050;

2020/07/13
Committee: ECON

2020/2075(INI)

Danuta Maria HÜBNER, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 1 a (new)

1a. Considers that the need to review the economic governance framework will take place in challenging circumstances, underlined by traditional divide between states with weak financial stability and those fiscally conservative, in the circumstances of ultra-low interest rates and unprecedented debt legacies and in the context of a big fiscal recovery package and loans funded by common debt, yet to be deployed adequately;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 1 b (new)

1b. Notes that the review of the economic governance framework was put on hold due to the pandemic; observes that the fiscal stance at Member-State level had frequently been pro-cyclical, both in good and in bad times, respectively by not building sufficient buffers in some periods or not making sufficient use of fiscal space in others;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 2

2. AIs of the opinion that the review of fiscal rules is necessary; agrees with the European Fiscal Board (EFB) on the importance of having a clear pathway towards a reformed fiscal framework prior to the deactivation of the GEC; is aware that kick-starting the review after the deactivation of the general escape clause will make it more difficult, contentious and divisive; considers, therefore, that an overhaul of the fiscal rules should be reflected on before the possible shift toward the current rules could take place;

2021/04/23
Committee: ECON

2020/2075(INI)

Danuta Maria HÜBNER, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 2 a (new)

2a. Notes that going back to the current rules, in particular the adjustment paths, would lead to an excessive speed of debt reduction undermining unnecessarily the recovery path of the economies, and potentially weakening the commitment to respect the rules;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 5

5. Calls for a continued expansionary fiscal stance for as long as needed and for it to be shifted to support the recovery from the COVID-19 pandemic and a green, digital and inclusive transformation while ensuring fiscal sustainability; considers that a supportive fiscal stance at the euro zone level and ensuring a policy stance which supports the recovery during the pandemic would be necessary to manage the cycle, combining creditworthiness of all member states;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 7 a (new)

7a. Calls on the Member States to seek ways of mitigating the impact of ending bank loan repayment moratoriums for individual citizens and businesses in a bid to avoid a significant increase in levels of default and non-performing loans; notes that loan repayment moratoriums are a vital means of safeguarding household and businesses liquidity levels; calls, therefore, on national governments to take measures to balance a return to timely loan repayment with the need to safeguard personal incomes, company solvency and the stability of the banking sector; calls on the Commission to consider an EU approach to credit moratoriums in the context of a deepening banking union; calls on the European Central Bank and the European supervisory authorities (EBA, ESMA and EIOPA) to make further recommendations in this area;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 7 b (new)

7b. Maintains that, during the escape clause activation period and a possible transitional period pending restoration of a normal or restructured fiscal framework, national governments should seek to promote quality public investment with targeted, efficient and expansionary budget implementation; believes that the existing flexible framework provisions should not result in structural fiscal imbalances but should sustainably underpin economic recovery in Europe through structural reforms tailored to EU policy objectives; takes the view that, while unjustifiable budget overruns are undeniably detrimental to public finances, the inadequate take-up of funding on a regular basis is also harmful, starving national economies of potentially strategic future investment;

2021/04/23
Committee: ECON

2020/2075(INI)

Markus FERBER, Ralf SEEKATZ, Inese VAIDERE, Jessica POLFJÄRD, Isabel BENJUMEA BENJUMEA, Esther DE LANGE, Lídia PEREIRA, Danuta Maria HÜBNER, Georgios KYRTSOS

Motion for a resolution
Paragraph 7 c (new)

7c. Takes the view that any transitional period marking a derogation from fiscal rules or paving the way for their reinstatement should not provide an opportunity for an exponential increase in public expenditure, thereby pushing up public debt to unsustainable levels in order to expand the economic role of the State; believes that flexible framework provisions during such a period should, as a matter of priority seek to promote business competitiveness through investment, fiscal and economic stimulus policies;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 7 b (new)

7b. Notes that the increased private and public debt levels due to the pandemic are a burden for future generations and might be a drag on the recovery;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 8

8. Stresses the importance of complementarity between monetary and fiscal policies ~~to deliver the required support post-COVID-19; considers that the low interest rate environment has implications for fiscal policy; warns against a~~and their instruments, in the current low interest rate environment, in lifting the euro area economy out of the current low-growth, low-inflation trap; considers that the common European fiscal response (Next Generation EU) is crucial to recovery and that premature ~~tightening~~withdrawal of monetary and fiscal ~~policy~~measures should be avoided;

2021/04/23
Committee: ECON

2020/2075(INI)

Danuta Maria HÜBNER, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 8 a (new)

8a. Stresses that the European Central Bank Pandemic Emergency Purchase Programme (PEPP) is a corollary of an unconventional and expansionary monetary policy that allows Member States regular access to debt markets and facilitates stable public debt management; recalls that this programme is scheduled to end in March 2022; believes that any review of European budget rules should take into account the impact of ending this programme, particularly in countries with high public debt-to-GDP ratios; takes the view that, while budgetary rules should factor in monetary policies such as the quantitative easing programme, their review should not depend on whether or not these programmes exist;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 8 a (new)

8a. Stresses the need for a coordinated approach in correcting excessive saving and insufficient public and private investments;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 10

10. Calls for ~~an appropriat~~close fiscal and monetary policy ~~mix that work together towards achieving the EU’s objectives~~coordination towards achieving the EU’s objectives in line with the Treaties, the framework powers assigned to the Union and the remit of the European Central Bank; underlines the inseparability of economic and monetary responses and accordingly advocates an ongoing structured dialogue between the European Central Bank and the other European institutions; recalls that monetary policy, although necessarily independent, must be subject to scrutiny by citizens through their parliaments, in particular the European Parliament;

2021/04/23
Committee: ECON

2020/2075(INI)

Markus FERBER, Ralf SEEKATZ, Inese VAIDERE, Jessica POLFJÄRD, Isabel BENJUMEA BENJUMEA, Esther DE LANGE, Lídia PEREIRA, Othmar KARAS, Luděk NIEDERMAYER, Georgios KYRTSOS

Motion for a resolution
Paragraph 11

11. Highlights that public debt levels have increased and that some Member States already have a sizeable debt legacy; notes with concern that the average debt- to-GDP ratio of EU Member States will surpass 100% in 2021; notes that circumstances have changed since the Maastricht criteria were defined and that inflation and interest rate levels are considerably lower today; points out that this environment will not necessarily last going forward and that the interest rate environment can change fast, while reducing debt levels may take a considerable period of time;

2021/04/23
Committee: ECON

2020/2075(INI)

Markus FERBER, Ralf SEEKATZ, Inese VAIDERE, Jessica POLFJÄRD, Isabel BENJUMEA BENJUMEA, Lídia PEREIRA, Othmar KARAS, Luděk NIEDERMAYER, Georgios KYRTSOS

Motion for a resolution
Paragraph 12

12. Stresses that debt service costs are ~~expected~~likely to remain low for the ~~foreseeable~~near future and primary deficits ~~are likely to~~may be offset by favourable interest-growth differentials; further considers that as long as the differentials are negative it is possible to sustain and progressively reduce high debt levels; points out though that some Member States have had structural problems to achieve sufficiently high growth rates in the past;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 13

13. Recalls the importance of sustainable growth- enhancing ~~policies and public~~economic policies promoting public investment with high added value and measures to support quality private investment aimed at increasing growth potential and achieving the EU’s objectives;

2021/04/23
Committee: ECON

2020/2075(INI)

Markus FERBER, Ralf SEEKATZ, Inese VAIDERE, Jessica POLFJÄRD, Isabel BENJUMEA BENJUMEA, Esther DE LANGE, Lídia PEREIRA, Danuta Maria HÜBNER, Othmar KARAS, Luděk NIEDERMAYER, Georgios KYRTSOS

Motion for a resolution
Paragraph 14

14. Stresses the importance of pursuing a broad ~~and transparent DSA~~, transparent and thorough debt sustainability assessment in order to set an appropriate country-specific path, using innovative tools and techniques such as stress tests and stochastic analysis to better reflect risks to public debt dynamics;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 15 b (new)

15b. Points out that a more transparent, simple, and better enforceable economic governance framework is needed with well-defined and transparently triggered flexibility mechanisms;

2021/04/23
Committee: ECON

2020/2075(INI)

Danuta Maria HÜBNER, Lídia PEREIRA, Isabel BENJUMEA BENJUMEA

Motion for a resolution
Paragraph 16

16. Calls for the renewed fiscal framework to promote sustainability and cyclical stabilisation and to improve the quality of public expenditure through sustainable investments and reforms; calls for well-defined, transparent, simple, flexible and enforceable rules embedded in a credible and democratic framework that take into account the specificities of Member States and promote upward economic and social convergence; considers, therefore, that country-specific recommendations tailored to the national economic reality of each Member State are an important tool for achieving these objectives; calls on national governments to take note of country-specific recommendations and seek to achieve reforms in line with them; notes that, without prejudice to such localised solutions, EU budgetary objectives are shared and should be pursued with clear targets and well-defined strategies; urges the Commission to further enhance country-specific recommendations in order to make them more effective and transparent;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 17

17. Suggests focusing the fiscal targets on the achievement of a single credible debt anchor aimed at reducing high debt ratios in a realistic and reasonable period of time and differentiated according to the existing debt level of the Member States; points to the EFB proposal for country specific recommendations for the path of reducing the debt ratios;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 18

18. Proposes an expenditure rule with a 20 ceiling on nominal public expenditure when a country’s public debt exceeds a certain threshold; believes that such a ceiling and public debt threshold should be determined at European level while factoring in the specific situation of each country, especially in the light of the country-specific recommendations; takes the view that such an instrument should incorporate a high level of flexibility, while respecting the specific fiscal responsibilities of each Member State; _________________ 20 A ceiling fixed for 3-5 years that would depend on the expected potential output growth, expected inflation and the distance from the debt anchor.

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 23

23. Stresses that governments’ revenues, especially from taxes, are essential to guarantee the sustainability of public finances; recalls that taxation falls within the national competence and fiscal sovereignty of each Member State; calls on the Member States to take action to tackle ~~tax~~ fraud, tax avoidance, and tax evasion, as well as money laundering; and related white-collar crime; stresses, in this regard, the need to formulate European anti-corruption strategies with more responsive administrative and judicial cooperation mechanisms and more efficient exchanges of information; points out that taxation is not only a cornerstone for sustainable public finance and budgetary equilibrium but also a possible form of market intervention by Member States, providing solid support for the deployment of individual and corporate funding to generate wealth and boost our economic competitiveness;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 25

25. Welcomes the creation of the NGEU, which is financed through debt issuance guaranteed by the EU budget; underlines that EU-issuance debt22 will provide a new supply of European high- quality assets, which is a major step toforward~~s a permanent EU safe asset~~ in deliberations regarding a permanent EU safe asset; points out that deeper European integration in this field requires profound institutional changes that can only be achieved as part of a deep, broad and transparent debate on the future of the Union; _________________ 22 NGEU & SURE bonds.

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 26

26. Stresses the importance of the MIP in identifying and taking preventive and corrective actions against emerging imbalances; points out, however, that the potential of this mechanism has not been fully exploited ~~on account of its structural weaknesses~~;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 27

27. Calls for the MIP to be reformed to make its indicators and recommendations more forward-looking and symmetrical ~~with regard to over- and undershooting target values, and to focus on indicators under the control of policymakers and geared towards reducing intra-euro area imbalances~~; considers that greater compliance with pared-back recommendations must be achieved and MIP-relevant country- specific recommendations should focus on policy actions that can have a direct impact on imbalances;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 30

30. Calls for a renewed European Semester as the main economic and social policy coordination framework supporting the EU’s long-standing goals of sustainab~~ility~~le growth and upward convergence with stronger national ownership and modernising Member States economies; calls for more rigorous democratic scrutiny and for Parliament’s full involvement in defining the overarching goals and the guidance;

2021/04/23
Committee: ECON

2020/2075(INI)

Motion for a resolution
Paragraph 35

35. Takes the view that, while reform of the European Union’s own resources is a separate issue from the debate on budgetary policy, there is still a link with new or traditional own resources, which must be addressed through budgetary policies, including fiscal measures; Reiterates the urgency of increasing and diversifying the EU budget’s revenue sources and of linking own resources with policy objectives;

2021/04/23
Committee: ECON

2020/2075(INI)

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Maria SPYRAKI, Lídia PEREIRA, Esther DE LANGE

Motion for a resolution
Paragraph 36

36. ~~Calls for~~Points out that the Eurogroup, as an informal meeting of euro area finance ministers, remains outside the scope of original Union law; calls for the nature of the Eurogroup’ and its decision- making process to be reassessed to include appropriate democratic accountability~~; calls for the Chair of the Eurogroup to be~~ and more consistent decision making; believes that a substantial change to Eurogroup electoral rules should be considered, with possible alternatives including the election of an Chair who is independent (not a Member State finance minister) or is one of the Commission Vice-Presidents;

2021/04/23
Committee: ECON

2020/2071(INI)

Peter LIESE, Inese VAIDERE, Ljudmila NOVAK, Maria SPYRAKI, Christophe HANSEN, Edina TÓTH, Pernille WEISS, Alexander BERNHUBER, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Mairead McGUINNESS, Lídia PEREIRA, Jessica POLFJÄRD, Dolors MONTSERRAT, Nathalie COLIN-OESTERLÉ, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Recital A a (new)

Aa. whereas medicine shortages are a growing public health threat with a serious impact on health care systems and public health;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Ljudmila NOVAK, Maria SPYRAKI, Christophe HANSEN, Edina TÓTH, Pernille WEISS, Alexander BERNHUBER, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Lídia PEREIRA, Dolors MONTSERRAT, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Recital C

C. whereas the loss of European sovereignty and independence in the health sector is linked to the relocation of production, with 40% of medicinal end products marketed in the EU now originating in third countries; whereas ~~the only~~one way to save money is to rely heavily on subcontractors to produce pharmaceutical raw materials in Asia, where labour costs and environmental standards are lower, with the result that 80% of active ingredients are manufactured outside the EU, mainly in China and India;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Ljudmila NOVAK, Pernille WEISS, Alexander BERNHUBER, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Mairead McGUINNESS, Lídia PEREIRA, Jessica POLFJÄRD, Dolors MONTSERRAT, Hildegard BENTELE, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Recital G

G. whereas~~, in the absence of a regulatory authority, stockpiling in some Member States is leading to a market imbalance~~ excessive stockpiling can lead to a market imbalance if cooperation between Member States is insufficient;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Inese VAIDERE, Ljudmila NOVAK, Maria SPYRAKI, Christophe HANSEN, Pernille WEISS, Alexander BERNHUBER, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Mairead McGUINNESS, Lídia PEREIRA, Jessica POLFJÄRD, Dolors MONTSERRAT, Hildegard BENTELE, Nathalie COLIN-OESTERLÉ, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Recital J a (new)

Ja. whereas a strong, innovative and competitive pharmaceutical industry in Europe is in the vital interest of the EU and its Member States;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Inese VAIDERE, Ljudmila NOVAK, Maria SPYRAKI, Christophe HANSEN, Pernille WEISS, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Mairead McGUINNESS, Lídia PEREIRA, Dolors MONTSERRAT, Hildegard BENTELE, Nathalie COLIN-OESTERLÉ, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Recital J b (new)

Jb. whereas the pharmaceutical industry needs the right legal framework to do research, development and production of pharmaceuticals within the EU;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Ljudmila NOVAK, Christophe HANSEN, Pernille WEISS, Stanislav POLČÁK, Christian DOLESCHAL, Lídia PEREIRA, Dolors MONTSERRAT, Hildegard BENTELE, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Paragraph 2

2. Points out that, while ~~public health policies are a Member State matter,~~the "Union action shall respect the responsibilities of the Member States for the definition of their health policy and for the organisation and delivery of health services and medical care" it is very clear that pharmaceutical legislation needs to be done by the European Union and partly exercised by the EMA and it is incumbent upon the EU to coordinate and complement national measures to guarantee affordable and high- quality health services for the European citizens;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Ljudmila NOVAK, Pernille WEISS, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Lídia PEREIRA, Dolors MONTSERRAT, Hildegard BENTELE, Liudas MAŽYLIS

Motion for a resolution
Paragraph 4

4. Calls on the Commission and the Member States to take whatever action is needed to restore European health sovereignty and local pharmaceutical manufacturing, giving priority to essential and strategic medicines; ~~calls on the Commission to map out potential production sites in the EU;~~

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Ljudmila NOVAK, Maria SPYRAKI, Christophe HANSEN, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Lídia PEREIRA, Dolors MONTSERRAT, Hildegard BENTELE, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Paragraph 8

8. Notes that procurement procedures with only one successful tenderer with only one production site of the basic substance may exacerbate vulnerability should supplies be disrupted; calls on the Commission and the Member States to introduce procurement procedures under which contracts may be awarded to a number of successful tenderers where each has at least more than one production site in different countries (including one within the EU) for the tendered medicinal product, in order to maintain market competition and reduce the risk of shortages, while guaranteeing high-quality treatment for patients;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Ljudmila NOVAK, Maria SPYRAKI, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Lídia PEREIRA, Dolors MONTSERRAT, Hildegard BENTELE, Cindy FRANSSEN, Liudas MAŽYLIS

Motion for a resolution
Paragraph 8 a (new)

8a. Ask the Commission to examine if it is possible to create a legislative framework that encourage and enables healthcare systems to do tenders that award pharmaceutical companies that guarantee the supply of pharmaceuticals in difficult circumstances by focussing on production inside the EU and guarantee at least two different sources for the basic substance; ask the Commission to examine if legislative requirements to ensure more sustainable delivery of pharmaceuticals can be mandated under EU law;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Ljudmila NOVAK, Maria SPYRAKI, Christophe HANSEN, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Mairead McGUINNESS, Lídia PEREIRA, Jessica POLFJÄRD, Dolors MONTSERRAT, Hildegard BENTELE, Liudas MAŽYLIS

Motion for a resolution
Paragraph 9

9. Calls on the Commission ~~and the Member States to~~ to make concreate ~~one or more European non-profit~~proposals how models of public private phar~~maceutical undertakings which operate in the public interest to manufacture priority medicines of strategic importance for health care~~tnership like the US Biomedical Advanced Research and Development Authority can be established in the EU to operate in the public interest; stresses the key contribution that can be made by new technologies and artificial intelligence in enabling European laboratory researchers to form networks and share their objectives and findings;

2020/06/08
Committee: ENVI

2020/2071(INI)

Peter LIESE, Inese VAIDERE, Ljudmila NOVAK, Maria SPYRAKI, Christophe HANSEN, Sunčana GLAVAK, Stanislav POLČÁK, Christian DOLESCHAL, Mairead McGUINNESS, Lídia PEREIRA, Dolors MONTSERRAT, Hildegard BENTELE, Liudas MAŽYLIS

Motion for a resolution
Paragraph 13

13. Calls on the Commission to develop European health strategies on the basis of a common basket of drugs ~~for the treatment of cancer and infections whose prices are harmonised~~, in a bid to counter recurrent shortages and ensure that patients have access to treatment; calls on the Commission to also examine, whether a harmonised price for those drugs may solve the problems of shortages for those life-saving drugs;

2020/06/08
Committee: ENVI

2020/2058(INI)

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the EU achieve the revised 2030 and 2050 climate and ~~biodiversity~~all environmental goals and reach its commitments under the Paris Agreement, based on the best available science;

2020/06/09
Committee: ENVI

2020/2058(INI)

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Maria SPYRAKI, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 1 a (new)

1a. Considers it essential that the investment plan provides for and enables additional investment with real added value and doesn’t crowd out market financing;

2020/06/09
Committee: ENVI

2020/2058(INI)

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Maria SPYRAKI, Radan KANEV, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 1 b (new)

1b. Emphasises that the transition cannot be done simply with public funds; calls on the Commission when developing the Investment Plan to encourage and enable private investments;

2020/06/09
Committee: ENVI

2020/2058(INI)

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Othmar KARAS, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE, Siegfried MUREŞAN, Lídia PEREIRA

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will, among other factors, depend on the adequacy of the financing;

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Jessica POLFJÄRD, Markus FERBER, Lídia PEREIRA, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE

Motion for a resolution
Paragraph 3 a (new)

3a. Considers it essential that the SEIP provides for and enables additional investment with real added value and does not crowd out market financing;

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Jessica POLFJÄRD, Markus FERBER, Lídia PEREIRA, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE

Motion for a resolution
Paragraph 3 b (new)

3b. Emphasises that the transition cannot be done simply with public funds; calls on the Commission when developing the SEIP to encourage and enable private investments;

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Jessica POLFJÄRD, Markus FERBER, Lídia PEREIRA, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE

Motion for a resolution
Paragraph 3 c (new)

3c. Underlines that, even with ambitious funding, the available funds will not be unlimited; calls on the Commission to establish a robust framework for reporting and monitoring to ensure that spending has a real impact;

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Edina TÓTH, Maria SPYRAKI, Lídia PEREIRA

Draft opinion
Paragraph 8

8. ~~Calls on~~Notes the intention of the Commission to revise State aid rules to allow public support for the European Green Deal ~~and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights~~; calls on the Commission to ensure the integrity of the internal market and a level playing field in any future revision;

2020/06/09
Committee: ENVI

2020/2058(INI)

Jessica POLFJÄRD, Pernille WEISS, Edina TÓTH, Maria SPYRAKI, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 8 a (new)

8a. Notes the proposals on reforming the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights; recognises that the focus of the European Semester should be sound fiscal policies and structural reforms for competitiveness;

2020/06/09
Committee: ENVI

2020/2058(INI)

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 9 a (new)

9a. Underlines the importance of increased economic growth in facilitating the necessary investments for transitioning the economy;

2020/06/09
Committee: ENVI

2020/2058(INI)

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Edina TÓTH, Maria SPYRAKI, Radan KANEV, Lídia PEREIRA

Draft opinion
Paragraph 9 b (new)

9b. Calls on the Commission to facilitate exchange of best practices between Member States regarding the role of public investment in achieving the Green Deal;

2020/06/09
Committee: ENVI

2020/2058(INI)

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE, Lídia PEREIRA

Motion for a resolution
Paragraph 19

19. Insists on the integration of social objectives in the sustainability framework, including through an evaluation of extending the scope of taxonomy and the development of an EU Social Bond Standard;deleted

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Andreas SCHWAB, Stefan BERGER, Enikő GYŐRI, Othmar KARAS, Christian DOLESCHAL, Inese VAIDERE, Esther DE LANGE, Lídia PEREIRA

Motion for a resolution
Paragraph 20

20. Insists on the integration of governance objectives in the sustainability framework, including through additional voting rights for long-term shareholders, reform of remuneration structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence fovites the Commission to analyse how a long-term perspective can be better fin~~ancial institutions and large corporates; welcomes the preparation of a sustainabl~~corporated into the corporate governance ~~initiativ~~regime;

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Andreas SCHWAB, Stefan BERGER, Othmar KARAS, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE, Siegfried MUREŞAN, Lídia PEREIRA

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; ~~considers~~points out that this risk needs to be insufficiently integrated in credit ratings and prudential frameworks;

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Christian DOLESCHAL, Jörgen WARBORN, Lídia PEREIRA

Motion for a resolution
Paragraph 22

22. Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient mannerStresses that increased levels of public sustainable investments must not undermine the sustainability of public finance in the EU;

2020/07/03
Committee: BUDG ECON

2020/2058(INI)

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Christian DOLESCHAL, Jörgen WARBORN, Lídia PEREIRA

Motion for a resolution
Paragraph 22 a (new)

22a. Rejects the idea of an enabling framework for public sustainable investments or any 'fast-track-procedure' under the Stability and Growth Pact;

2020/07/03
Committee: BUDG ECON

2020/2046(INI)

Motion for a resolution
Recital A

A. whereas EU taxpayers held EUR 1.5 trillion offshore in 2016, resulting in an average tax revenue loss of EUR 46 billion in the EU as a result of tax evasion by individuals12 ; that this amount is only a parcel of the general problem of tax avoidance by individuals and companies; and that this value is illegitimately subtracted to national budgets and, therefore, represents an additional effort to compliant taxpayers; _________________ 12European Commission, Directorate- General for Taxation and Customs Union, Taxation Papers, Working Paper No 76, ‘Estimating International Tax Evasion by Individuals’, September 2019, https://ec.europa.eu/taxation_customs/sites/ taxation/files/2019-taxation-papers-76.pdf

2021/04/19
Committee: ECON

2020/2046(INI)

Motion for a resolution
Recital B

B. whereas the difficulties encountered in the Council in agreeing on the improvements put forward by the Commission demonstrates the need to promovte t~~o a qualified majority~~he debate on the decision making procedure, in line with the provisions of the treaties in tax matters;

2021/04/19
Committee: ECON

2021/04/19
Committee: ECON

2020/2046(INI)

Motion for a resolution
Paragraph 22

22. Deeply regrets the fact that all Member States – with exception of Finland and Sweden – have refused to grant Parliament access to the relevant data to assess the implementation of DAC provisions; deplores the fact that the Commission ~~has decided to refuse~~did not grant Parliament access to the respective data in its possession; considers that ~~Parliament is thereby in effect being hindered in exercising its function of political scrutiny over the Commission; notes that this implement~~the Commission risks the application of Article 17.8 TEU that states that “the Commission, as a body, shall be responsible to the European Parliament”; notes that the Parliament has had a lack of information ~~rep~~fort the~~refore has significant shortcomings~~ preparation of this implementation report; calls on the Member States and the Commission to put an end to their refusal to share the relevant documents, in line with Regulation 1049/200116, which applies directly, and the principle of sincere cooperation, provisioned in Article 13(2) of the TEU; calls for Parliament to use all legal means at its disposal to ensure that it receives all documents needed for a complete assessment of the implementation of the DAC; _________________ 16Regulation (EC) No 1049/2001 of the European Parliament and of the Council of 30 May 2001 regarding public access to European Parliament, Council and Commission documents, OJ L 145, 31.5.2001, p. 43.

2021/04/19
Committee: ECON

2020/2046(INI)

Motion for a resolution
Paragraph 22 a (new)

22 a. Deplores the position of the Council on the context of consecutive DAC revisions, based on the constant mitigation of Commission proposals and the disregard of Parliament positions; calls the Council to review it's attitude towards the Parliament on tax matters and, concretely, on DAC revisions; urges the Council to concede access to relevant information on DAC implementation, in order to guarantee a proper democratic scrutiny by the Parliament;

2021/04/19
Committee: ECON

2020/2046(INI)

Motion for a resolution
Paragraph 22 b (new)

22 b. Calls on the Commission to put forward a comprehensive legislative proposal on a global revision of DAC, considering the Parliament's proposals in recent revision processes, according to this implementing report and in line with a wide public consultation;

2021/04/19
Committee: ECON

2020/2046(INI)