7 Amendments of Ska KELLER related to 2010/2105(INI)
Amendment 5 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses the urgent need to improve EU coordination on wealth-creation measures in local markets and that the principal method of promoting innovative financing is not to be found in increasing taxation, but in augmenting domestic capital formation, best achieved through the implementation and protection of property rights and land mapping;
Amendment 8 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Recalls that major pandemic diseases – AIDS, tuberculosis and malaria – which strike developing countries, sub-Saharan Africa in particular, constitute a major challenge for the Millennium Development Goals; recalls in this context that a solidarity contribution levied on air tickets is an important financial tool to address health problems that needs to be further developed; in particular, calls on the Commission to examine further financing mechanisms to address global health issue, and to facilitate access to medicine in poor countries;
Amendment 25 #
Draft opinion
Paragraph 4
Paragraph 4
4. Takes the view that ODA will fail to eradicate poverty if G20, the EU and financial institutions do not take a determined stance in opposing corrupt administrations in recipient countries; stresses therefore upon the need to upgrade EU's assistance regarding the strengthening of tax authorities, judiciary and anticorruption agencies in developing countries; urges the EU Member States to combat bribery committed by companies domiciled in their jurisdictions but which have operations in developing countries;
Amendment 28 #
Draft opinion
Paragraph 5
Paragraph 5
5. ConsiderStresses that the introduction of innovative financing mechanisms are essential for developing countries to meet Millennium Development Goals; but recalls that an estimated EUR 800 billion is lost annually from developing countries through illicit means, prevention of which could prove decisive in achieving MDGs; therefore, reiterates equally its call for making corruption, the fight against tax havens and harmful tax structures an overriding priority of the EU's agenda in international finance and development institutions so as to enable developing countries to raise domestic revenues;
Amendment 30 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Recalls the collective responsibility of the G20 to mitigate the impact of the crisis on developing countries, which have been hard hit by indirect effects of the crisis; recalls also that although the financial crisis of 2008 was triggered off by a lack of regulation and excesses in the financial sector, financial services are exempted from VAT; welcomes accordingly the proposal of the Commission to consider in its work programme 2011 a Financial Activities Tax (FAT) to respond to global and European challenges; however, takes the view that any initiative in favour of bank levies should be complementary, and not exclusive, to the setting-up of a Financial Transaction Tax, whose advantages are i.e.: to ensure that the financial sector will pay its part for the economic recovery; to roughly compensate for the distorting exemption of financial services from VAT; to stabilise financial markets by skewing incentives towards long term investments and away from short term speculation and to raise revenue for funding development and address climate change;
Amendment 31 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Emphasises that a Financial Transaction Tax has the potential to generate a lot of revenues at even low level of tax rate (0.05% or 0.01%), given the enormous volume of the tax base provided by all kind of financial assets; but insists upon the need to introduce a Financial Transaction Tax that will cover all transactions of financial assets, as a means not to discriminate against specific types of markets and to address tax avoidance through financial innovation;
Amendment 32 #
Draft opinion
Paragraph 5 c (new)
Paragraph 5 c (new)
5c. Regrets that the Commission supports the idea of a Financial Transaction Tax provided that it is implemented at the global level; takes the view that a financial transaction tax, whose revenues should be allocated to meet development goals and climate change, should be introduced at the EU level as a first step; emphasises in this context that an EU financial transaction tax would solve the problems that individual EU Member States have with their national financial transaction taxes, considering that it is becoming increasingly difficult to tax financial transaction tax in an effective way nationally in the context of the single financial market;