Activities of Olivier CHASTEL related to 2022/2172(INI)
Shadow opinions (1)
OPINION on own resources: a new start for EU finances, a new start for Europe
Amendments (7)
Amendment 11 #
Draft opinion
Recital B a (new)
Recital B a (new)
B a. whereas the own resources are intented to cover the repayment of Next Generation EU loans from 2028, and thus to limit the impact of Covid 19 pandemic on national budgets, avoiding future generations bearing the financial burden of financing the economic recovery plan, or even taxpayers bearing the impact of the crisis we have to deal with, following Russia's unjustified and unprovoked military aggression in Ukraine; whereas the own ressource based on the extension of the EU ETS would be used to finance support for the ecological transition for the most vulnerable households and companies (Social Fund for Climate) and not to repay the loan;
Amendment 23 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that, according to the roadmap in the Interinstitutional Agreement of December 2020, the Commission needs to put forward a proposal for the second basket of new own resources by June 2024; notes that the Commission has announced that it will finally present this second basket during the third quarter of 2023;
Amendment 33 #
Draft opinion
Paragraph 2
Paragraph 2
2. Notes that none of the new own resources from the first basket are yet in place following the delay in the sectoral negotiations on the reform of the EU ETS and the border carbon adjustment mechanism, as well as the blockages in the Council on the adoption of the OECD agreement; stresses that these negotiations on the first two are nearing completion; urge the Council therefore to move forward as quickly as possible on introduction of these three instruments as own resources for EU budget;
Amendment 40 #
Draft opinion
Paragraph 3
Paragraph 3
3. Is concerned that the first basket of own resources will not generate the revenues expected (15 billion euros per year until 2058) for several reasons; observes further that beyond the funding needed for NextGenerationEU which could itself increase due to inflation and rising interest rate, the Union may need additional resources to assist Ukraine financially and to further mitigate the impact of Russia’s war againstunjustified and unprovoked military aggression in Ukraine on the Union;
Amendment 43 #
Draft opinion
Paragraph 3
Paragraph 3
3. Is concerned that the first basket of own resources will not generate the revenues expected for several reasons; notes that the first basket is largely comprised of environmental related taxes and therefore, by their very nature, should, if successful, reduce overtime; observes further that beyond the funding needed for NextGenerationEU, the Union may need additional resources to assist Ukraine financially and to further mitigate the impact of Russia’s war against Ukraine on the Union;
Amendment 57 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the Commission to consider, for its second basket of own resources, an EU-wide financial transaction tax based on its 2011 model, which should yield around EUR 41.5 billion per yearto cover financial services including financial transactions, by tackling, in particular, purely speculative activities, through a financial transaction tax or another model including corporate taxation;
Amendment 65 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls on the Commission to come forward with an own resource linked to either the upcoming ‘Business in Europe: Framework for Income Taxation’ proposal or to the proposal for a minimum tax directive1 implementing the OECD-led global tax deal, most in particular Pillar II; _________________ 1 Commission proposal for a Council directive on ensuring a global minimum level of taxation for multinational groups in the Union (COM(2021)0823).(BIFIT) contributing to a fairer distribution of taxation rights between Member States;