15 Amendments of Fabio DE MASI related to 2015/2010(INL)
Amendment 221 #
Motion for a resolution
Annex – title 1 – subtitle 1 – introductory part
Annex – title 1 – subtitle 1 – introductory part
The European Parliament calls once again on the European Commission to bring forward a legislative proposal by June 2016 to introduce comprehensive and public country-by-country reporting (CBC- R) for all multinational companies in all sectors.
Amendment 227 #
Motion for a resolution
Annex – title 1 – subtitle 1 – indent 1
Annex – title 1 – subtitle 1 – indent 1
This proposal should be developed on the basis of the requirements put forward by the OECD in its CBC-R data template published in September 2014 (Action 13 of the OECD/G20 BEPS project) utilising the information requirements set out in the template but going beyond OECD recommendations as regards scope and publication in line with the general aim set out above.
Amendment 242 #
Motion for a resolution
Annex – title 1 – subtitle 3 – introductory part
Annex – title 1 – subtitle 3 – introductory part
The European Parliament calls on the European Commission to bring forward a proposal as soon as possible on a new mechanism whereby Member States are compelled to inform other Member States (initially via the Code of Conduct Group)and the public if they intend to introduce a new allowance, relief, exception, incentive or similar measure that could have a material impact on the effective tax rate in the Member State or on the tax base of another Member State.
Amendment 247 #
Motion for a resolution
Annex – title 1 – subtitle 3 – indent 1
Annex – title 1 – subtitle 3 – indent 1
These notifications by Member States shall contain spillover analyses, which will be published along with the notification, of the material impact of the new tax measures on other Member States and developing countries, to support the action of the Code of Conduct Group in identifying harmful tax practices.
Amendment 272 #
Motion for a resolution
Annex – title 1 – subtitle 4 – indent 2
Annex – title 1 – subtitle 4 – indent 2
Significantly increasing the transparency of tax rulings at the EU level, with due consideration given to business confidentiality and trade secrets and taking into account the current best practices applicable in some Member States via one of the following methods: ° requiring Member Statesby making publicly available the exchanged tax rulings via the central directory orf the Commission to produce an annual list, published in a fully public directory accessible to all, of companies with which they have concluded tax rulings, one year at the , with the exception of specific parts for which corporations can demonst after the tax ruling is signed by tax authorities ; ° requiring Member Statesrate a financial loss as a consequence orf the Commission to publish a summary of the main important (anonymised) tax rulings that have been agreed in the previous year.ir public disclosure.
Amendment 285 #
Motion for a resolution
Annex – title 1 – subtitle 4 a (new)
Annex – title 1 – subtitle 4 a (new)
Recommendation A4a. Statistics on AEOI The European Parliament calls on the European Commission to enhance, via its drafting of implementing regulation under the comitology procedure, transparency regarding the AEOI between tax administrations in the Union. This would be achieved, without comprising the privacy of the financial data exchanged, by: • Obliging financial institutions to identify the place of residence for all account holders, including from non-Member States, from the beginning, in order to enhance efficiency of the information gathering process and in order not to insert undue and counterproductive ambiguity in the implementation of AEOI; • Creating specific requirements for comprehensive and public statistics on AEOI by type of asset and by country of residence of the ultimate beneficial owner, for all assets held, including those by residents from non-CRS-participating jurisdictions from the first year of operation, and including a summary statistic for the five years preceding implementation in order to detect avoidance schemes;
Amendment 287 #
Motion for a resolution
Annex – title 1 – subtitle 5 – indent 2
Annex – title 1 – subtitle 5 – indent 2
Oblige customs-free ports authorities to immediately inform the relevant Member States’ and third countries’ tax authorities of any transaction carried on by their tax residents in customs-free ports premises. These communications should be embedded in the automatic exchange of information framework according to the CRS.
Amendment 297 #
Motion for a resolution
Annex – title 1 – subtitle 7 – indent 1
Annex – title 1 – subtitle 7 – indent 1
Protect whistleblowers who act in the public interest only (and not also for money or any other personal agenda) in order to exposeby exposing misconduct, wrongdoing, fraud or illegal activity in relation to corporate taxpublic or private organisations in any Member State in the European Union. Such whistleblowers should be protected if they report suspected misconduct, wrongdoing, fraud or illegal activity to their relevant competent authority, and should also be protected if, in cases of persistently unaddressed illegal activity in relation to corporate taxation that could affect the public interestinsufficient action by the competent authority, they report their concerns to the public as a whole;
Amendment 307 #
Motion for a resolution
Annex – title 1 – subtitle 7 – indent 4
Annex – title 1 – subtitle 7 – indent 4
Amendment 313 #
Motion for a resolution
Annex – title 1 – subtitle 7 a (new)
Annex – title 1 – subtitle 7 a (new)
Recommendation A7a. Registry of financial assets • The European Parliament calls on the European Commission to come forward with a proposal for a European-wide, publicly accessible register for all types of financial securities in circulation as a means to improve financial transparency and hinder tax avoidance through shifts in assets between individual and corporate owners. The gains in terms of transparency, control of financial crimes, tax compliance and financial stability of such a public register far outweigh the losses of confidentiality such a measure entails, in particular as registries of physical wealth such as land have for long been public without tangible negative repercussions and multiple private registries of financial ownership also exist already.
Amendment 322 #
Motion for a resolution
Annex – title 2 – subtitle 1 – paragraph 1
Annex – title 2 – subtitle 1 – paragraph 1
Amendment 334 #
Motion for a resolution
Annex – title 2 – subtitle 1 – paragraph 2
Annex – title 2 – subtitle 1 – paragraph 2
Amendment 340 #
Motion for a resolution
Annex – title 2 – subtitle 1 – paragraph 3
Annex – title 2 – subtitle 1 – paragraph 3
Amendment 388 #
Motion for a resolution
Annex – title 3 – subtitle 3 – introductory part
Annex – title 3 – subtitle 3 – introductory part
The European Parliament calls on the European Commission to bring forward a proposal for a catalogue of counter- measures the Union and Member States should apply as shareholders and financers of public bodies, banks and funding programmes, to be applied to companies which use tax havens in order to put in place aggressive tax planning schemes or which assist companies, through advisory, legal, financial or other services, in designing and implementing aggressive tax planning schemes and therefore do not comply with Union tax good governance standards.
Amendment 393 #
Motion for a resolution
Annex – title 3 – subtitle 3 a (new)
Annex – title 3 – subtitle 3 a (new)
Recommendation C3a. The European Parliament calls on the European Commission to develop a legal proposal providing for more significant sanctions for those companies which systematically use tax havens in order to put in place aggressive tax planning schemes or which repeatedly assist companies, through advisory, legal, financial or other services, in designing and implementing aggressive tax planning schemes: • Those further counter measures should include, but not necessarily be limited to: ° The possibility to temporarily withdraw or permanently revoke business licences, in particular for legal and financial service providers. ° The imposition of significant fines being attributed to those Member States whose tax bases are being eroded as a consequence of the aggressive tax planning schemes.