47 Amendments of Paul TANG related to 2019/2110(INI)
Amendment 1 #
Motion for a resolution
Citation 24 a (new)
Citation 24 a (new)
- having regard to the Interinstitutional Proclamation on the European Pillar of Social Rights on the 17th November 2017 in Gothenburg,
Amendment 2 #
Motion for a resolution
Citation 24 b (new)
Citation 24 b (new)
- having regards to the report of the European Parliament on financial crimes, tax evasion and adopted on 26 March 2019 (2018/2121(INI)),
Amendment 3 #
Motion for a resolution
Citation 24 c (new)
Citation 24 c (new)
- having regards to the Paris Agreements on climate changes in 2015 and the UN 2030 climate and energy framework,
Amendment 5 #
Motion for a resolution
Citation 24 d (new)
Citation 24 d (new)
- having regards to UN Agenda 2030 and the SDGs,
Amendment 6 #
Motion for a resolution
Recital A
Recital A
A. whereas according to the Commission’s forecasts, the GDP growth rate for 2019 stands at 1.2 % of GDP per capita in the euro area and 1.4 % in the EU28, and is expected to rise to 1.4 % and 1.6 % respectively in 202010, based on the assumption of a status quo in terms of trading patterns between the EU27 and the UK and notwithstanding the mainly negative risks to the global economic outlook; whereas the economic recovery is uneven across the EU; whereas further policy action will nonetheless be required to address unresolved legacies of the global economic crisis; whereas globalisation has not brought the same benefits for all, leading to persistent high levels of income inequality and slow reduction of poverty, needing new efforts to ensure growth and equity; ____________________ 10 Commission’sEuropean Economic Forecast – Summer 2019 (Interim) of 10 July 2019
Amendment 12 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas annual revenue losses caused by aggressive corporate tax planning in the EU ranges from EUR 50- 70 billion to EUR 160-190 billion depending on the methodology;
Amendment 13 #
Motion for a resolution
Recital C b (new)
Recital C b (new)
Cb. whereas latest estimates of tax evasion within the EU point to a figure of approximately EUR 825 billion per year;
Amendment 14 #
Motion for a resolution
Recital C c (new)
Recital C c (new)
Cc. whereas nominal corporate tax rates have decreased at EU level from an average of 32 % in 2000 to 21,9 % in 201810a, which represents a decrease of 32 %; ____________________ 10aTaxation Trends in the European Union, Table 3: Top statutory corporate income tax rates (including surcharges), 1995-2018, European Commission, 2018.
Amendment 15 #
Motion for a resolution
Recital C d (new)
Recital C d (new)
Cd. whereas some assessments of effective tax rates in the EU diverge from 2,2 % to 30 %10b; ____________________ 10bPublic hearing of 24 January 2019 on ‘The Evaluation of the Tax Gap’.
Amendment 22 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas, according to Eurostat and Word Inequality Database, inequality of income distribution in the euro area has increased since the beginning of the financial crisis; whereas tax competition between European states, continually increased, which has undermined the progressivity of taxes increasing the unfair tax burden and undermining public finances;
Amendment 28 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas tax optimization, tax evasion and tax avoidance for the benefit of some large companies and individuals have resulted in billions of euros in lost revenue for public finance management in several Member States at the expense of SMEs and other taxpayers; contributing to increasing inequality and imbalances;
Amendment 34 #
Fc. whereas the implementation of the UN SDGs and the Paris Agreement goals requires a comprehensive, broad and long-term EU strategy in which a reformed European Semester needs to be embedded;
Amendment 36 #
Motion for a resolution
Recital F e (new)
Recital F e (new)
Fe. whereas gaps and labour market segregation remain high throughout the European Union, contributing to gender differences in pay, pensions, decision- making and wealth;
Amendment 56 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Reaffirms the overriding need to support and implement the Paris Agreement on Climate Change, including through fiscal policies;
Amendment 57 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Recalls the importance of efficient regulation of banking and financial sectors to prevent a new crisis especially in the matter of shadow banking;
Amendment 59 #
Motion for a resolution
Paragraph 3 c (new)
Paragraph 3 c (new)
3c. Calls on the Commission, to enlarge the reference indicators of the European Semester by including social and environmental indicators to be able to take into account the sustainability impact of reforms and fiscal consolidation;
Amendment 71 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recognises that the average level of debt-to-GDP is projected to decline; notes, however, that the average level still remains significantly above the level required by the Stability and Growth Pact; points out the possibility of rising debt service costs; underlines, therefore, the importance of bringing down overall debt levels, in line with EU fiscal rulescluding private debt;
Amendment 104 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Highlights, the importance of socially-balanced and countercyclical fiscal policies for macro-economic stabilisation and as a tool to prevent excessive swings in the financial cycle, in order to make the economy more resilient to disruptions, flanked by socially and environmentally sustainable structural policies and reforms;
Amendment 118 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Highlights, however, the persistent structural problem of insufficient economical activities, steaming from a too low level of public and private investments in essential services, social protection and wages, leading to persistent social and regional inequalities;
Amendment 121 #
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
8b. Reminds, that one of the core policy areas of the European Semester and a prerequisite of sustained economic well-being is financial stability; therefore it is essential to ensure that financial institutions are better regulated and supervised both in the Eurozone and all over the EU, to put an end to the era of "too-big-to-fail" and massive bailouts paid for by taxpayers;
Amendment 122 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Highlights, however, the persistent structural problem of insufficient economical activities, steaming from a too low level of public and private investments in essential services, social protection and wages, leading to persistent social and regional inequalities.
Amendment 124 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Encourages the development or implementation of instruments to ensure financial and economic stability in an era of asset price inflation, like anti-cyclical buffers for banks;
Amendment 133 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Supports shifting the tax burden away from labour towards profits, capital and wealth and strengthening education and training systems and investment in skills; stresses the effectiveness of flexible labour market policies;
Amendment 139 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Calls on the Member States to set in place proper policies to ensure equal access to education, and to provide investment to ensure equal access to lifelong education and training and to close the gender gap;
Amendment 141 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Is concerned about the extent women are affected by austerity policies, and feminization of poverty; notes that the financial and economic crisis since 2008 hit men harder initially; underlines however, that women were affected more strongly in the long run through cuts in public spending, decreases in generosity in work-life balance policies, failure to close gender and pension pay gap and cutbacks in social security systems;
Amendment 142 #
Motion for a resolution
Paragraph 10 c (new)
Paragraph 10 c (new)
10c. Reminds that all EU countries would benefit from increased fiscal capacity and notes that additional resources can be found through a willing and effective policy against tax fraud and tax avoidance including support for an EU Financial Transactions Tax;
Amendment 143 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Calls on Member States to support and implement EU actions to Aggressive Tax Planning; combat Tax Fraud, Tax Avoidance and Aggressive Tax Planning and anti-money laundering, and in particular, the implementation of the Anti Tax Avoidance Directive (ATAD), so that the EU complies with current international standards; calls on the European Commission to publish a first assessment of the ATAD which should has been transposed since 1 January 2019; demands that such assessment includes an analysis on the level of corporate tax revenues, on tax strategies put in place by multinationals and on growth as well as an assessment of the robustness of implementation against new tax avoidance strategies;
Amendment 154 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Emphasizes the need to, building onto the EU’s CCCTB package, fundamentally review international taxation practices through the OECD’s Programme of Work to Develop a Consensus Solution to the Tax Challenges Arising from the Digitalisation of the Economy, specifically Pillar I thereof, and encourages the negotiating parties to make an end to profit shifting by moving non-tangible assets to low-tax jurisdictions;
Amendment 156 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Welcomes the on-going international negotiations on tax and digitalisation, and in particular, welcomes the Programme of Work to Develop a Consensus Solution to the Tax Challenges Arising from the Digitalisation of the Economy (Programme of Work) as proposed by the Inclusive Framework and the OECD and endorsed by G20 Finance Ministers last June;
Amendment 161 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11b. Encourages the Commission and the Council to look for ways to gradually phase out subsidies on fossil fuels, and to introduce a kerosene tax in the context of a reviewed Energy Taxation Directive;
Amendment 162 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11b. Remains concerned about the implications of tax competition within the EU and with third countries on the sustainability of tax systems and tax collection, as well as consequences on fiscal capacity and fair competition in the EU Internal Market;
Amendment 163 #
Motion for a resolution
Paragraph 11 c (new)
Paragraph 11 c (new)
11c. Supports the French and German position to have a second pillar in the current Programme of Work aiming at granting taxing rights that would strengthen the ability of jurisdictions to tax profits where the other jurisdiction with taxing rights applies a low effective rate of tax to those profits, by 2020; understand that this would leads to a de facto minimum effective level of taxation worldwide which would mitigate the negative effect of tax competition;
Amendment 165 #
Motion for a resolution
Paragraph 11 c (new)
Paragraph 11 c (new)
11c. Points out that a sustainable European economy requires a sustainable European finance sector with transparency as to the economic, social and governance impact of investments and due diligence requirements in place to mitigate or prevent certain products’ long-term sustainability risks;
Amendment 166 #
Motion for a resolution
Paragraph 11 d (new)
Paragraph 11 d (new)
11d. Invites the Commission and the Council to look for new resources that would both allow to speed up the needed ecological transition and create fiscal capacity to finance needed social and sustainable investment [including investments in healthcare, education]; welcomes the announcement of the Commission President to propose a Carbon Border Tax and to review the Energy Taxation Directive;
Amendment 167 #
Motion for a resolution
Paragraph 11 d (new)
Paragraph 11 d (new)
11d. Encourages the Commission to look at ways to increase Corporate Social Responsibility, including through the proper implementation of the Non- financial Reporting Directive and through changes in corporate governance enabling companies to serve a wide range of stakeholders;
Amendment 169 #
Motion for a resolution
Paragraph 11 e (new)
Paragraph 11 e (new)
11e. Highlights the fact that, in the recent period, real wage growth has lagged behind productivity growth, while improvements have occurred in the labour market; stresses, against this background, the room for wage increases in certain sectors and areas, to ensure good standards of living, taking into account the need to tackle poverty, including growing in-work, inequalities and boost growth;
Amendment 196 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls on Member States, while pursuing policies in full respect of the Stability and Growth Pact, to support public and private investment, improve the quality and composition of public finances, and rebuild fiscal buffers, especially in euro area countries with high levels of public debt;
Amendment 211 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Stresses that the support for the transition towards a low-carbon and circular economy will create new jobs in services and in the development of new and more sustainable products and markets; stresses that investments to foster such a transition should be significantly increased at both national and EU levels;
Amendment 214 #
Motion for a resolution
Paragraph 14 b (new)
Paragraph 14 b (new)
14b. Calls on the Commission to provide an assessment of the gap between the need for green investments and the concrete realization of these; including an annual analysis of green investment needs; calls for annual monitoring of the implementation of green investments in each Member Stat;.
Amendment 217 #
Motion for a resolution
Paragraph 14 d (new)
Paragraph 14 d (new)
14d. Recalls that the fight against aggressive tax planning strategies is essential to provide fair treatment of taxpayers, safeguard public finances, and preserve social cohesion and fight inequalities;
Amendment 218 #
Motion for a resolution
Paragraph 14 e (new)
Paragraph 14 e (new)
14e. Insists on the need to implement an ambitious pCBCR and CCCTB;
Amendment 219 #
Motion for a resolution
Paragraph 14 f (new)
Paragraph 14 f (new)
14f. Recalls the need to implement the recommendations of the special committee TAXE 3; stresses that the complexity of tax systems can give rise to legal loopholes facilitating tax fraud schemes such as cum-ex;
Amendment 220 #
Motion for a resolution
Paragraph 14 g (new)
Paragraph 14 g (new)
14g. Encourages a stronger coordination and harmonization of taxation with the objective to reduce the differences among Member States over a ten-year period, thus making any possible company relocation unattractive;
Amendment 237 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Insists on the need for the CSR to take due account of the 20 key principles and rights to support fair and well- functioning labour markets outlined in the European Pillar of Social Rights, which should serve as a compass for a renewed process of upward convergence towards better working and living conditions in the European Union;
Amendment 242 #
Motion for a resolution
Paragraph 16 c (new)
Paragraph 16 c (new)
16c. Shares the Commission's concerns over developments in the housing market in some Member States; stresses that rising interest rates and housing prices are affecting households' private debt; underlines that this debt plays a role in the stability of the euro area; calls on the Commission to take initiatives in this area in line with recommendation 19 of the Social Pillar;
Amendment 250 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Welcomes that taxation has regularly become part of the proposed country-specific recommendations for many Member States; welcomes in particular the attention given to spillover effects of taxpayers' aggressive tax planning strategies between Member States; calls on the Commission, the Council and concerned Member States to make proposals to counter the mentioned phenomenon;
Amendment 251 #
Motion for a resolution
Paragraph 17 b (new)
Paragraph 17 b (new)
17b. Supports recommendation that invite Member States to ensure a greater stability and fairness of their fiscal capacity and tax collection, such as limiting the scope and number of tax expenditures and broadening the tax base; invites the Commission and the Council to better look at the impact of progressivity of tax systems in that regard;