8 Amendments of Marco VALLI related to 2016/0339(CNS)
Amendment 49 #
Proposal for a directive
Recital 7 a (new)
Recital 7 a (new)
(7a) Rules need to be laid down in order to put a stop to the use of different tax accounting periods in individual jurisdictions, which is resulting in mismatches in tax outcomes. Member States must ensure that taxpayers declare payments in all the jurisdictions involved within a reasonable period of time. The national authorities must, furthermore, look into all the reasons behind hybrid mismatches and must close any loopholes and prevent aggressive tax planning, rather than focusing solely on collecting tax revenue.
Amendment 51 #
Proposal for a directive
Recital 8 a (new)
Recital 8 a (new)
(8a) If the rules on hybrid mismatches are to be effective, it is essential for taxation policy to be pursued on a basis of parity and fairness throughout the world. This is the only way of ensuring that the directive under consideration can realise its full potential and that EU Member States do not become less attractive than less regulated markets outside the EU.
Amendment 59 #
Proposal for a directive
Recital 10
Recital 10
Amendment 67 #
Proposal for a directive
Recital 20 a (new)
Recital 20 a (new)
(20a) All Member States should be able to impose financial penalties on any taxpayers who take advantage of hybrid mismatch arrangements, with a view to combating such practices.
Amendment 72 #
Proposal for a directive
Recital 23
Recital 23
(23) The Commission should evaluate the implementation of this Directive four years after its entry into force andevery year, starting from the year following its entry into force. That evaluation should include the drafting of a comprehensive report ton the Council thereon. Member States should communicate to the Commission all information necessary for this evaluation, state of implementation of the Directive in all the Member States and the overall situation as regards hybrid mismatch arrangements around the world. That report should then be submitted to the Council and the European Parliament.
Amendment 74 #
Proposal for a directive
Recital 23 a (new)
Recital 23 a (new)
(23a) Member States should be required to share all relevant confidential information and best practices with a view to combating tax mismatches and ensuring that the Directive is implemented in a uniform manner.
Amendment 86 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 a (new)
Article 1 – paragraph 1 – point 4 a (new)
Directive (EU) 2016/1164
Article 10 – paragraph 1
Article 10 – paragraph 1
(4a) in Chapter II, Article 10, paragraph 1, is amended as follows: “1. The Commission shallis required to evaluate the implementation of this Directive, in particular the impact of Article 4, by 9 August 2020 and report to the Council thereon every year, starting from the year following its entry into force, in a report on the state of implementation of the Directive in all the Member States and the overall situation as regards hybrid mismatch arrangements around the world. That report shall be submitted to the Council and the European Parliament. The report by the Commission shall, if appropriate, be accompanied by a legislative proposal.”
Amendment 87 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 b (new)
Article 1 – paragraph 1 – point 4 b (new)
Directive (EU) 2016/1164
Article 11 a (new)
Article 11 a (new)
(4b) in Chapter III, the following article is added: “Article 11a Penalties All States may impose financial penalties on any taxpayers who take advantage of hybrid mismatch arrangements, with a view to guarding against and combating such practices; those financial penalties may be set at a level at least three times higher than the financial gains made or losses avoided.”