8 Amendments of Udo BULLMANN related to 2010/2105(INI)
Amendment 60 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Considers that, while major progress has been achieved recently both on the regulatory and the supervisory sides, the tax policy is the missing dimension in the EU approach to the financial sector;
Amendment 62 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3 b. Recalls that the financial damage caused by tax evasion and tax fraud in Europe is estimated between EUR 200 and 250 billion every year; points out against this background that innovative financing should not only focus on new tools but also on substantial progress in combating tax evasion and tax fraud, which would have significant budgetary impacts;
Amendment 81 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Should no international agreement be reached within the next few months, urges the EU to move ahead with legislative proposals on the introduction of an EU FTT; stresses that a low rate between 0.01 and 0.05% would preventnot lead to major shifts in activity towards other, lower-taxed jurisdictions but would instead shift financial transactions from economically and socially harmful activities to beneficial ones;
Amendment 90 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Points out that some EU Member States have already introduced similar types of transaction taxes with no apparent negative impactproviding therefore some experience for a future FTT so as to avoid negative impacts of ill-designed tax instruments;
Amendment 96 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Considers that a well designed FTT would cover most financial transactions, as a result of which a shift to less or non- taxed products could be avoided, trade relocations be minimised and tax avoidance be prevented; is of the opinion that, for a final judgement about the merits of an FTT, the focus should be on both, financial aspects as well as its contribution to market stability and integrity;
Amendment 113 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Calls on the Commission also to address in its feasibility study the geographical asymmetry of transactions and revenues and the possibility of a graded or differentiated rate on the basis of the asset category, the nature of the actor involved or the short-term and speculative nature of the transactionas well as the tax incidence;
Amendment 114 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Calls on the Commission to analyse in its feasibility study the different possible options for an EU FTT with their impacts including the benefits for the economy and society for the reduction of speculative financial transactions, which currently cause severe market distortions;
Amendment 118 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Stresses that an EU FTT should have the broadest base possible so as to guarantee a level playing field in the financial markets and not drive transactions to less transparent vehicles; considers, therefore, that all transactions with financial assets such as exchange traded spot and derivatives transactions traded on markets as well as Over-The-Counter (OTC) derivatives should be covered;