3 Amendments of Helmut SCHOLZ related to 2010/2102(INI)
Amendment 16 #
Draft opinion
Paragraph 4a (new)
Paragraph 4a (new)
4a. Notes with concern that Governments in developing countries, in order to attract foreign investment, are often offering tax exemptions in the range of ten and more years as well as cost-free public service provisions; calls on the Commission to design a basic accountability mechanism on tax payments of EU-based investors in the framework of the new EU investment policy and EU International Investment Treaties with third countries;
Amendment 17 #
Draft opinion
Paragraph 4b (new)
Paragraph 4b (new)
4b. Regards the wide-spread practice of foreign companies investing especially in resource-rich countries of bribing public officials in order to obtain licences below fair prices and exemptions from revenue payments as the single most detrimental factor for the development of some of the poorest countries; commends the new US law of July 2010 (Dodd-Frank Wall Street Reform and Consumer Protection Act) requiring all oil, gas and mining companies registered with the U.S. Securities and Exchange Commission to publish how much they pay to foreign countries and the U.S. government; calls on the Commission to recommend a similar "Publish What You Pay" scheme to EU Member States;
Amendment 22 #
Draft opinion
Paragraph 5a new
Paragraph 5a new
5a. Is concerned about the spread and size of capital flight to tax havens involving income-rich citizens and government officials of developing countries; calls on the OECD Member States to recommend additional transparency measures for banks and financial institutions regarding foreign account holdings; calls on the Commission to respect domestic regulatory freedom in its negotiations with developing countries on Financial Service Liberalization within Free Trade Agreements, in order to allow for capital controls;