14 Amendments of Markus FERBER related to 2021/2201(INI)
Amendment 2 #
Motion for a resolution
Citation 4 a (new)
Citation 4 a (new)
— having regard to the OECD's public consultation document "Crypto- Asset Reporting Framework and Amendments to the Common Reporting Standard"1a; _________________ 1a https://www.oecd.org/tax/exchange-of- tax-information/public-consultation- document-crypto-asset-reporting- framework-and-amendments-to-the- common-reporting-standard.pdf
Amendment 9 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas there are different types of crypto assets with different characteristics, some more akin to payment instruments other more akin to traditional financial instruments, others such as non-fungible tokens more akin to commodities; whereas the different characteristics of different types of crypto assets and the boundaries between different kinds of crypto assets might be relevant for determining their tax treatment;
Amendment 15 #
Motion for a resolution
Recital D
Recital D
D. whereas new technological solutions, such as blockchain, can be used by tax administrations to better serve the needs of tax payers while such technologies can also be abused and serve as a vehicle for illicit activities, with the criminal intent to avoid paying taxes; whereas in particular the increased visibility of blockchain transactions might facilitate tax administrations efforts to combat tax fraud;
Amendment 38 #
Motion for a resolution
Recital H
Recital H
H. whereas the Union has already taken important steps towards a clear definition of crypto-assets and this definition mustcrypto asset service providers and, more broadly, towards establishing a suitable regulatory framework for crypto assets, the Markets in Crypto Assets regulation; whereas this framework and this definition will facilitate the fair and simple taxation of these assets; and whereas definitions of such crypto-assets must be highly aligned with international standards, namely with the Financial Action Task Force;
Amendment 47 #
Motion for a resolution
Recital I
Recital I
I. whereas tax policy is a national competence, but strong cooperation between Member States is essential to respond to the challenges posed to the integrity of the single market, namely byinter alia the increasing the use of crypto-assets; whereas a framework of 27 significantly different approaches to crypto-assets taxation could lead to significant obstacles for the fulfilment of the objectives of the European digital single market; whereas there is therefore a clear case for European coordination and cooperation;
Amendment 54 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
J a. whereas the development of central bank digital currencies (CBDCs) also needs to be considered when developing an appropriate tax framework for digital assets; whereas the planned digital euro will have most likely predominantly the features of a payment instrument;
Amendment 58 #
Motion for a resolution
Recital J b (new)
Recital J b (new)
J b. whereas, unlike in traditional finance, the crypto world is sometimes organised in a decentralised way, making it more difficult to draw on intermediaries to assist tax authorities; whereas such intermediaries often serve as relevant information providers in traditional third- party tax reporting regimes; whereas on the intersection between the crypto ecosystem and the traditional financial system, there is usually an intermediary such as an exchange involved;
Amendment 101 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Points out that with crypto assets, there may be different options to define a relevant taxable event such as the creation of coins via mining, the exchange of crypto assets into fiat currency or other crypto assets, the occasion of a hard fork or staking of crypto assets; notes that a coherent definition of a taxable event needs to be found in order to ensure a proper level of taxation, but avoid instances of double- taxation;
Amendment 102 #
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
8 b. Considers that the conversion of one type of crypto asset into a different kind of crypto asset should not count as a taxable event, as this would increase the number of taxable events considerably while creating significant valuation problems; considers therefore that the conversion of a crypto asset into fiat currency might be a more appropriate choice for a taxable event, if gains have been made;
Amendment 103 #
Motion for a resolution
Paragraph 8 c (new)
Paragraph 8 c (new)
8 c. Notes that individuals do not necessarily only exchange crypto assets to achieve a financial gain; considers therefore, that generous de-minimis exemptions for personal use might be appropriate;
Amendment 111 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Points out that the taxation of crypto-assets in cross-border situations is linked to several dimensions of tax policy such as income taxes or VAT and that such dimensions are distributed between national and European competences, but the benefit of a European approach is concentrated in instruments linked to administrative cooperation and corporate taxation;
Amendment 123 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Calls on Member States to treat different types of crypto assets in a manner that is consistent with the tax treatment of similar non-crypto assets in order to satisfy the principle of tax neutrality;
Amendment 129 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Points out that the crypto-asset landscape is global and requires an international approach; understands, in this regard, the need to further negotiate international instruments on the matter; considers that the Organisation for Economic Cooperation and Development (OECD), that has already done substantial work on both taxation and the treatment of crypto assets, could be a suitable forum in this regard;
Amendment 134 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)