3 Amendments of Erik BERGKVIST related to 2018/0135(CNS)
Amendment 38 #
Proposal for a decision
Recital 1 b (new)
Recital 1 b (new)
(1b) The scale of the amounts needed to avoid a catastrophic economic, social and environmental crisis are considerable. Already before this crisis, on 14 January 2020, the European Commission had stated that the Green Deal would require to bridge an investment gap assessed to at least €260 to 500 billion per year over the next 10 years. In May 2020, the Commission has estimated the investment needs for delivering the green transition and digital transformation at EU level to amount at least 595 bn EUR per year. Such resources needed to pursue EU key policies would boost productivity and innovation and create more than 5 million jobs, in all our countries, which will be much needed to overcome this crisis. Moreover, additionally to this amount, the Commission estimates the need of additional investments in the area of social infrastructure at least 192 bn EUR/per year, to recover to COVID-19 crisis and its dramatic social consequences. To reach these types of volumes of investment, and to avoid a deep economic, social and environmental crisis, substantial revenues from new own resources will have to be part of the solution.
Amendment 103 #
Proposal for a decision
Recital 16 a (new)
Recital 16 a (new)
(16a) In September 2011, the European Commission issued the directive proposal COM(2011) 594 to create a Financial Transaction Tax (FTT): a tax of 0.1% on shares and bonds, and 0.01% on derivatives, which would have been effective on January 1, 2014 and which shall flow in the EU Budget. Despite Brexit and the economic crisis, this tax could bring in more than €50 billion each year, which would be very useful to repay the interest and capital of the 500 billion common debt and to free up another 30 billion for investment in EU policies, such as the green deal, digitalisation transformation and research, without increasing national contributions.
Amendment 120 #
Proposal for a decision
Article 2 – paragraph 1 – subparagraph 1 – point e b (new)
Article 2 – paragraph 1 – subparagraph 1 – point e b (new)
(eb) the financial transaction tax to be levied pursuant to Council Directive (EU) No […/…], based on the scope and rates of the proposal for a Council Directive COM(2011) 594, with the applicable call rates in the amount of a share not exceeding the minimum rates set out in that Directive, with minimum tax rates of 0.1% for the trading in shares and bonds, and 0.01% for derivative agreements such as options, futures, contracts for difference or interest rate swaps, compliant to the « core engine » agreed by the WPTQ meeting of 25 October 2016, cumulating the residence and issuance principles in order to minimize tax avoidance ; if temporarily implemented under enhanced cooperation, this Own Resource shall not affect the Member States that are not participating in the enhanced cooperation;