17 Amendments of Louis MICHEL related to 2016/2241(INI)
Amendment 4 #
Motion for a resolution
Recital B
Recital B
B. whereas, while loans are a possible source of development funding, the cost of borrowing; whereas loans must be responsible and predictable; whereas their cost must be fully offset by returns on investment and debt-related risks must be carefully evaluated and measures taken to deal with them;
Amendment 5 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas these methods are not sufficient to put an end to the debt crisis;
Amendment 18 #
Motion for a resolution
Recital H a (new)
Recital H a (new)
Ha. whereas it is necessary to help boost the capacities of tax administrations and the transfer of knowledge in partner countries;
Amendment 25 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
Ja. whereas debt sustainability goes hand in hand with respect for human rights;
Amendment 34 #
Motion for a resolution
Recital M a (new)
Recital M a (new)
Ma. having regard to the essential role that regional organisations must play in carrying out international tax audits, in accordance with the principles of subsidiarity and complementarity;
Amendment 35 #
Motion for a resolution
Recital M b (new)
Recital M b (new)
Mb. having regard to the need to tackle illicit financial flows in order to eliminate them definitively by 2030, inter alia by combating tax evasion and by stepping up international cooperation by facilitating the disclosure of tax data to competent authorities and tax transparency in countries both of origin and of destination;
Amendment 40 #
Motion for a resolution
Recital O
Recital O
O. whereas vulture funds targeting distressed debtorspecialising in buying up the debts of defaulting countries in order to charge them exorbitant rates and interfering with the debt restructuring process should not receive legal or judicial support for their pernicious activities and further action must be taken in this regard;
Amendment 43 #
Motion for a resolution
Recital O a (new)
Recital O a (new)
Oa. whereas, under international law, vulture funds should not take precedence over the right of the State to protect its population;
Amendment 44 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Points out that responsible and predictable credit facilities are an essential means of ensuring a dignified future for developing countries;
Amendment 54 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Underlines that ODA should be reviewed in order for it to be more focused on developing countries, as opposed to middle-income countries;
Amendment 55 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Is concerned at the substantial increase in both private and public debt in many developing countries where population growth is rapid and the harmful effect thereof on their ability to finance investment expenditure for health, education, the economy and infrastructure;
Amendment 91 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls on the creditor countries to give preference in future to increased official development aid rather than debt servicing, where evaluation reports indicate that achievement of the SDGs is being compromised on a long-term basis by dwindling public finances; calls on the Member States without delay to honour their commitment to devote 0.7 % of their GNP to development;
Amendment 106 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Calls for a reform of the international financial architecture; considers that the voices of developing countries should be heard more clearly in the context of global governance;
Amendment 116 #
Motion for a resolution
Paragraph 14 – point b
Paragraph 14 – point b
(b) allow the establishment of a multilateral legal framework for the restructuring of the sovereign debt of States in order to prevent it becoming unsustainable and to achieve greater predictability for investors; calls for fair representation of developing countries in the decision-making bodies of international financial institutions;
Amendment 118 #
Motion for a resolution
Paragraph 14 – point b a (new)
Paragraph 14 – point b a (new)
(ba) Urges the EU to support developing countries in the fight against corruption, criminal activities, tax avoidance and money laundering;
Amendment 120 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Points to the role of the ACP-EU Joint Parliamentary Assembly in promoting political dialogue, notably as regards exchanges of best practices and good governance, including fiscal governance;
Amendment 130 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Calls on the EU, in future negotiations on the 'Post Cotonou' , to include measures against tax avoidance, corruption, tax evasion and money laundering.