3 Amendments of Ieke van den BURG related to 2007/0267(CNS)
Amendment 33 #
Proposal for a directive – amending act
Article 1 – point 2
Article 1 – point 2
Directive 2006/112/EC
Article 135a – point 10
Article 135a – point 10
(10) 'investment funds' means undertakings for collective investment in the exempted financial instruments referred to in points (a) to (e) of Article 135(1) and in real estatespecially constituted investment vehicles, created with the sole purpose of gathering assets from investors and investing those assets in a diversified pool of assets including pension funds and vehicles used to implement and execute collective pension schemes;
Amendment 40 #
Proposal for a directive – amending act
Article 1 – point 4
Article 1 – point 4
Directive 2006/112/EC
Article 137a – paragraph 2
Article 137a – paragraph 2
2. The Council shall adopt the measures necessary for the implementation of paragraph 1 pursuant to the procedummission shall report to the Council and Parliament on the operation of the right of option under paragraph 1 by ...*. Where approvided for in Article 397. So long as the Council has not adopted such measures, Member States may lay down thepriate, the Commission shall present a legislative proposal concerning detailed rules governing the exercise of theat right of option uander paragraph 1 any other amendments of Directive .../.../EC in this respect. * Three years after the entry into force of Directive .../.../ EC.
Amendment Amendment9 #
Proposal for a directive – amending act
Recital 2
Recital 2
(2) The existing rules governing the exemptions from VAT for financial and insurance services laid down in Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax are out of date and have led to uneven interpretation and application. The complexity of the rules and the variation in administrative practices generates legal uncertainty for economic operators and tax authorities and fails to secure a level playing field in the EU. This uncertainty has led to considerable litigation and has increased the administrative burden. It is therefore necessary to clarify which insurance and financial services are exempt and thereby create greater legal certainty and a level playing field in the EU and reduce the administrative burden for operators and authorities.