14 Amendments of Patrizia TOIA related to 2015/2044(INI)
Amendment 35 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas domestic resources are far larger than all external financing sources for developing countries;
Amendment 43 #
Motion for a resolution
Recital G a (new)
Recital G a (new)
Ga. whereas that according to the World Bank, government revenues have proved resilient to external shocks, remaining stable as a percentage of GDP since the global financial crisis for developing countries as a whole, and rising in Low- income countries;
Amendment 44 #
Motion for a resolution
Recital G b (new)
Recital G b (new)
Gb. whereas outflows of domestic resources represent major losses for developing countries and significantly exceeded flows. The largest outflows are illicit financial flows and profits repatriated by international investors, both are not easy to calculate and are likely to be underestimated;
Amendment 45 #
Motion for a resolution
Recital G c (new)
Recital G c (new)
Gc. whereas abusive tax avoidance, where companies try to dodge taxes through complex internal structures and by financing loopholes in tax laws, is a significant problem and taxes on multinational corporations have been significantly reduced through the proliferation of tax breaks, tax deals and other tax "incentives" offered by developing countries to multinational companies;
Amendment 46 #
Motion for a resolution
Recital G d (new)
Recital G d (new)
Gd. whereas innovative sources of public finance, such as the Financial Transaction Tax, exist and should be used as sources of finance for development policy;
Amendment 69 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
Ja. whereas the important role played by remittances that have proved to be stable and counter-cyclical as a whole, rising steadily, including after the global financial crisis;
Amendment 70 #
Motion for a resolution
Recital J b (new)
Recital J b (new)
Jb. whereas developing country debt stocks reached their highest level ever in 2012 (4,8 trillion dollars according to the World Bank) which was largely driven by increases in indebtedness by private actors;
Amendment 71 #
Motion for a resolution
Recital J c (new)
Recital J c (new)
Jc. whereas increases in private debt have played a key role in previous crises, including Asian financial crisis at the end of the last century and the recent global financial crisis;
Amendment 139 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Stresses the importance that aid spending should be predictable and transparent in order to ensure accountability of governments to their population and increase the development impact of aid;
Amendment 157 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Stresses the importance to make the country-by-country reporting already adopted for the banking industry mandatory for transnational companies in all sectors;
Amendment 221 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Calls on the European institutions to encourage the financial sector, at global level, to implement social and environmental responsibility strategies and adopt international human rights standards;
Amendment 226 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Calls on the Commission to support increased access to finance for micro, small and medium enterprises and cooperatives in developing countries;
Amendment 241 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Calls for more effective and innovative cooperation in migration policy between origin and destination countries based on human right protection; draws attention to the significant and growing financial flows represented by remittances; calls for further efforts to bring down transfer costs, as remittances are an important source of financing for development, to increase cooperation on matching funds for improving the remittance impact on local development, to sustain the financial inclusion of migrants and their families in origin and destination countries, to enforce labour rights and decent work in destination countries in order to improve the saving capacity of migrants and to sustain the flow of remittances;
Amendment 247 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23a. Calls for new partnerships for development between private sector and NGOs based on the principle of complementarity and addressed to find the right balance between sustainability and return on private investments and tangible impact in terms of poverty reduction;