15 Amendments of Marco VALLI related to 2016/2100(INI)
Amendment 16 #
Motion for a resolution
Recital A
Recital A
Amendment 23 #
Motion for a resolution
Recital C
Recital C
Amendment 46 #
Motion for a resolution
Recital F
Recital F
Amendment 69 #
Motion for a resolution
Paragraph 2 – subparagraph 1 (new)
Paragraph 2 – subparagraph 1 (new)
Deplores the fact that Article 3(3) TEU, which refers to the concept of a social market economy, amounts to a dangerous race to the bottom in terms of taxation and wages, the reason being the strong emphasis that it lays on competitiveness;
Amendment 71 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Maintains that an effective competition policy has to allow for the specific market conditions applying to SMEs, micro-enterprises, and start-ups, and must protect workers’ rights and make for fair taxation;
Amendment 75 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Reiterates that all market players should pay their fair share of tax and that taxes must be paid in the place where profits are generated; welcomes the Commission’s in-depth investigations into anti-competitive practices such as selective tax advantages or excess profit ruling systems; maintains that greater efforts also need to be brought to bear on aggressive tax practices; stresses that the concept of keen competition implicit in the Treaties is translating into a fiscal race to the bottom;
Amendment 102 #
Motion for a resolution
Paragraph 4
Paragraph 4
Amendment 146 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls on the Commission to take more ambitious stepsact to eliminate obstacles to online competition within the EU, in order to ensure barrier- free online shopping for EU consumers purchasing from sellers who are based in another Member State;
Amendment 183 #
Motion for a resolution
Paragraph 9 – subparagraph 1 (new)
Paragraph 9 – subparagraph 1 (new)
welcomes the fact that the Commission has been involved in the Apple case concerning unlawful tax rulings, but considers it disappointing that the one action taken by the Commission has been to require Ireland to recover debt; points out that the EU needs to have more stringent legislation on tax rulings, providing also for an effective system of penalties and a debt recovery procedure for Member States which have been harmed;
Amendment 239 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Stresses that – as the Commission has stated for the sixth time in its annual competition report – the temporary state aid granted in the financial sector was necessary for the stabilisation of the global, in view of the problems the banking system has been experiencing as a result of the economic and financial crisis, which have been exacerbated by the new, distortionary rules introduced in this area, state aid for the financial sector is the only means of stabilising the financial system,; but must quickly be reduced, or totally removed and scrutinielieves that getting rid of state aid will require the introduction of a form of regulation that is based, once the Banking Union is complet efforts to prevent crises rather than to contain their impact once they have occurred;
Amendment 246 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Believes it necessary, in order to avoid future bailouts by governments, to embark as quickly as possible on a genuine reform of the European banking sector that will result in a clear and compulsory separation between retail and investment activities; criticises the fact that the negotiations on structural reform of the banking sector were broken off, and calls accordingly on the EU institutions to resume the negotiations; draws attention once again to the need for a central bank that serves as a lender of last resort and provides full and unconditional support for the banking system at times of crisis; deplores, in this connection, the ECB’s behaviour towards the Greek banks in the summer of 2015;
Amendment 259 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls on the Commission to clarify the rules and procedures that apply to state aid in the financial sector by taking account of the difference in timing between the recent rules in the banking sector on burden-sharing and those on the full bail-in; invites the Commission, together with the SRB and the SRM, to conduct a careful assessment of the transition period aRejects the Bank Recovery and Resolution Directive (BRRD) and the bail-in procedures it introduced, not only because the directive cannot, of itself, resolve a banking crisis but also because it is a source of great instability and uncertainty on financial markets; points out, furthermore, that the option of using state aid in exceptional circumstances provided for in Article 32(4) of the BRRD is itself damaging, as its inclusion tends to ensure that, in line with the requirementsuggest that the bail-in procedures are less than effective; calls ofn the legislatCommission, the new rules are implemented with the necessary proportionality and fairness; calls on the Commission and the European Securities and Markets Authority (ESMA) to guarantee appropriate investor protectiono lose no time in revising the directive so as to ensure that EU investors and consumers are afforded genuine protection; stresses, furthermore, that the BRRD distorts competition between banks by favouring large financial institutions to the detriment of smaller ones;
Amendment 260 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
Points out that the banking union and the ECB supervision arrangements severely distort competition in the financial sector by favouring some banking business models (which have been shown over the years to be more risky) while penalising others;
Amendment 423 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Calls for the continuation of the regular structured dialogue between the Commissioner responsible for competition and the European Parliament, and in particular the Committee on Economic and Monetary Affairs and the Working Group on Competition Policy; calls on the Commission to involve Parliament more closely during investigations, and to that end calls on it to forward the findings at the earliest opportunity, in order to enhance transparency and interinstitutional cooperation;
Amendment 425 #
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Calls on the Commission to publish the antitrust decision of December 2013 imposing an exemplary fine of more than EUR 1.7 billion on eight banks for having infringed competition law by taking part in illegal cartels that manipulated the Euribor rate in interest rate derivative markets; calls, in this connection, for stiffer penalties to be imposed on anyone manipulating financial markets;