Activities of David CORMAND related to 2022/2172(INI)
Plenary speeches (1)
Impact on the 2024 EU budget of increasing European Union Recovery Instrument borrowing costs - Own resources: a new start for EU finances, a new start for Europe (debate)
Shadow reports (1)
REPORT on own resources: a new start for EU finances, a new start for Europe
Amendments (33)
Amendment 1 #
Motion for a resolution
Citation 2 a (new)
Citation 2 a (new)
— having regard to Regulation EU 2021/1119 establishing the framework for achieving climate neutrality and amending regulation 2019/1999 (Climate Law);
Amendment 4 #
Motion for a resolution
Recital B
Recital B
B. whereas the roadmap towards the introduction of new own resources in the legally binding IIA engages the institutions to keep the issue of the financing of the EU budget high on the political agenda in view of ensuring a viable path to refinancing the debts incurred in the context of NextGenerationEU (NGEU);
Amendment 6 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
B a. whereas the IIA stipulates that the Commission could include in the second basket of new own resources a financial transaction tax and a financial contribution linked to the corporate sector or a new common corporate tax base;
Amendment 7 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
B b. whereas the rising global race to shape the future of clean energy technology manufacturing, fed by massive public interventions from global powers such as the US Inflation Reduction Act, will create new challenges and needs in the EU budget and for searching for new own resources;
Amendment 10 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
F a. whereas the first signs of positive policy effect of the non-recycled plastic based own resource are being noted;
Amendment 11 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Declares that EU finances are going through a critical period where a lack of reform would have highly detrimental effects on the future of EUthe European union and its policies and the trust of Europeans and investors in the Union;
Amendment 16 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses the crucial and growing importance of the EU budget in delivering on virtually all of the EU’s key policy objectives, in particular for the green and digital transitions, its flagship programmes and its crisis intervention; underlines the multiple challenges the EU is facing such as building up its strategic autonomy and resilience, ending its reliance upon Russian fossil fuels, in particular Russian, combating climate change and biodiversity crisis, completing the health union and the energy union and financing important common projects such as defence, civil protection and space or reacting on the new challenges linked to the developments in the global economy; considers that all new EU policies and challenges must involve new means and extra resources; reminds that the Commission has stated that the unforeseen needs created by the war in Europe are well beyond the means available in the current multiannual financial framework; reiterates, in this regard, that robust, reliable and resilient financing of the EU budget requires a diversified and enlarged set of own resources; is convinced that there is huge potential in a well-designed reform of the EU own resources not only for strengthening the financing of its budgetary needs, but also for boosting its policy outputs, improving the fiscal equilibrium between the EU and Member States and, adding value to overall public finance and in meeting the demands and expectations of the European citizens;
Amendment 24 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Recalls that the Union is obliged to repay the principal and interest of the funds borrowed under the EU Recovery Plan; recalls, in this regard, that the EU institutions adopted a ‘repayment plan’ in the form of a legally binding interinstitutional agreement establishing a roadmap for the introduction of new own resources to cover the borrowing costs; recalls, in this context, that the triple-AAA rating of the EU as a quasi-sovereign borrower depends, inter alia, on the reliability and credibility of the institutions’ following up on their political commitment to introduce new own resources; reminds that the EURI repayment costs and their fluctuations already have negative impact on the EU budget and reiterates its call on the Commission to address the issue of EURI in the mid-term MFF revision and place the EURI over and above the MFF ceilings;
Amendment 27 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Expresses its high expectations that, with the ETS- and CBAM-based own resources, the long-standing demand for a better linkage of the EU revenue side with environmental policies and the rationale of climate mainstreaming across expenditure and revenue policies will finally become operational; notes that the sectoral negotiations on the CBAM and the ETS have led to an agreement; welcomes the fact that the resulting legal texts in the ETS Directive and the CBAM Regulation remain fully compatible with the own resources proposals; calls for the EU institutions to thoroughly assess the implications regarding the revenue estimations; insists on not using such analyses as a pretext for blocking decision- making; is aware, furthermore, that in the very long run, as the process of decarbonisation continues, the yields from the green own resources will diminish; calls for sufficient economic measures to support the most precarious households impacted by the extension of the ETS to housing and road sectors, over and beyond the funding available in the Social Climate Fund and in particular the revenues from ETS;
Amendment 36 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers that these new own resources are necessary to avoid the next generation of Europeans paying the price for the repayment of the principal and the interest of the funds borrowed under NGEU, either through an increased burden on taxpayers or via cuts in regular EU programmes directly affecting beneficiaries and project-holders; notes the legitimate demand by Europeans for more social and tax justice; warns against any attempt to reduce funding for ordinary EU policies to make space for the repayment of EU debt, as this would endanger long-term EU goals, such as economic convergence, research and innovation or the green transition; underlines the heavy impact of inflation on the EU budget, which brings additional challenges for the implementation of the EU policy objectives;
Amendment 42 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Regrets that the current way in which the EU budget is financed subjects it to national budgetary constraints, thus leading to undue downward pressure on its – already modest – overall volume and a ‘juste retour’ logic that does not reflect the solidarity principle at the core of EU integration; believes that this structure is one of the main reasons preventing the EU from fulfilling all its tasks effectively; is very concerned by the slow progress in the modernisation of the own resources system since the creation of the European Communities; underlines that the introduction of new own resources will strengthen the fiscal autonomy and independence of the EU and achieve lasting benefits, not only in delivering EU policies but also ensuring the Union’s standing as a credible and smart debt issuer for the Next Generation EU financing; regrets the lack of flexibility in the current MFF framework, which hampers effective European solutions to new challenges such as the uneven playing field created by the US Inflation Reduction Act; stresses that own resources are crucial to address these new challenges and underlines, therefore, that the amount of additional EU own resources must be sufficient to not only cover the debt service of the EU-bonds, including the incurring interest charges, but also to sustain and facilitate needed European investments beyond 2026 to finance the green transition of the EU economy, including providing an adequate European response to the US Inflation Reduction Act;
Amendment 47 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls on the Member States in the Council to adopt, as soon as possible, the new own resources from the first package of 14 December 2021; without further delay as a matter of urgency; is highly worriesd, however, that the amounts generated by the new own resources will not be sufficient to cover all NGEU repayments and borrowing costs (estimated to 15 billion EUR per year until 2058); calls, therefore, on the Commission to come forward with the next batch of proposals in the third quarter of 2023 at the latest; insists that these proposals take into account the priorities of the European Parliament as outlined in here;
Amendment 59 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Believes that the EU revenue side should be used strategically to create incentives for more social and , tax and environmentaxl justice; underlines that green own resources should be complemented by tax-based own resources from the corporate sector for reasons of sufficiency, fiscal equivalence (those who benefit from the EU and its open markets should also contribute their fair share to its financing) and overall distributional fairness among Member States and sectors;
Amendment 62 #
Motion for a resolution
Subheading 2 a (new)
Subheading 2 a (new)
Taxing carbon
Amendment 64 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Underlines that dealing with the climate and biodiversity crises constitutes the need for further mobilising more resources and re-evaluating the current taxation policies in the EU; strongly believes that taxation can be used both to deter certain negative behaviours and enable investments to achieving the green transition to a carbon-neutral economy; stresses the importance of tax policy in reaching the 2030 and 2050 targets, particularly in reducing greenhouse gas emissions and phasing-out of fossil fuels; is highly concerned about the growing impact of aviation on the greenhouse gas emissions, while being continuously incentivised compared to more sustainable means of transport;
Amendment 66 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. Urges the Commission to launch a proposal to make the aviation sector pay their fair share and to create the level playing field to guarantee the transition to a climate neutral economy, while bringing significant new revenues to the EU budget in the form of own resources; calls with this aim on the Commission to make proposals for creating a European kerosene tax and for adding the VAT on the airline tickets;
Amendment 68 #
Motion for a resolution
Paragraph 11 c (new)
Paragraph 11 c (new)
Amendment 70 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Looks forward to and places high hopes, in this context, in the Commission’s upcoming Business in Europe: Framework for Income Taxation (BEFIT) initiative in the third quarter of 2023; agreurges thate Commission to propose a single corporate tax rulebook for the EU, based on the key features of a common tax base and the allocation of profits between Member States by using a formula or formulary apportionment, would constitute an excellent starting point for as a new own resource in the spirit of the roadmap; expects the new approach to this corporate tax-based own resource to address issues of national differences in corporate taxation that have so far impeded an own resource in this realm and to allow for a broad scope capturing more companies active in the single market than only the few very biggest and most profitable multinationals that are subject to the OECD Pillar One Agreement; stresses that any such own resource must take account of the impact the implementation of Pillar I and II of the global tax deal on the distribution of revenues in Member States; warns that if the negotiations regarding BEFIT are not concluded in a reasonable time frame, the Commission should consider other sources of revenue from large corporations that operate in the single market;
Amendment 77 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Acknowledges with regret that any prospects for the introduction of a financial transaction tax under enhanced cooperation Urges the Commission to revive the proposal for a financial transaction tax in its 2011 model, which should yield around 41,5 billion EUR a year, and which has faded away in the course of recent years due to the Council blockades and to include this proposal in its second basket of new own resources; is of the opinion that the 50% of the revenues of the FTT should become part of the EU budget as a new own resource; calls on the Commission to consider a proposal for a new own resource based on an EU-wide VAT on financial services and to evaluate furthermore as options a common and standardised withholding tax framework, or an excise duty on the repurchase of shares by corporations, also known as shavre faded away in the course of recent years; insists, nevertheless,buybacks; further invites the Commission to consider a proposal for a new own resource based on taxing capital gains of financial institutions and multinational companies; insists that the financial sector be encompassed by the corporate or single market-based own resource initiative, ideally within the BEFIT context;
Amendment 86 #
Motion for a resolution
Subheading 4 a (new)
Subheading 4 a (new)
Closing inequalities through fair taxation
Amendment 87 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Is highly concerned by impact of COVID-19 and the current multiple crises further exacerbating global inequalities and leading to the increase of extreme poverty for the first time in more than two decades; considers as highly worrying that according to the recent research the richest 1% captured nearly two thirds of all net wealth since 20203a; believes that the EU needs to take the leading role in tackling inequalities also via the EU budget and through developing its new own resources; _________________ 3a https://oxfamilibrary.openrepository.com/ bitstream/handle/10546/621477/bp- survival-of-the-richest-160123-summ- en.pdf
Amendment 91 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13 b. Calls on the European Commission to present urgently an assessment of possible new own resources based on different proposals for closing inequalities; this assessment should include proposals such as the options for an EU-wide progressive wealth tax for the super-rich individuals both concerning the excessive salaries and property, and for a windfall tax framework on the European level in order to deal with the excessive profits of companies especially in the energy and agriculture sector; also invites the Commission and Member States to consider an Inequality Contribution, such Inequality Contribution would impose a national contribution on Member States based on the share of total national income held by the top 10%;
Amendment 98 #
Motion for a resolution
Subheading 5
Subheading 5
Amendment 101 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 105 #
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 114 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 126 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Recalls that inand reiterates its call from its position of 23 November 202215 , Parliament stated that in the event of a clear lack of progress at OECD level towards the Multilateral Convention by the end of 2023, a legislative proposal should be submitted for a digital levy or similar measure that can be enacted unilaterally and which can serve as a basis for an own resource of the Union in order to generate revenues by 2026; welcomes the debate over the contribution of large digital operators to network costs; _________________ 15 Texts adopted, P9_TA(2022)0404.
Amendment 136 #
21. Welcomes the policy steering effect of unrecycled-plastic based own resource; Sees high potential added value in own resources in the form of statistics- based national contributions which provide Member States with an incentive and a reward for vigorous implementation of EU- level policies; calls on the Commission to assess and simulate the impact of such national contributions calculated on the basis of statistics in the social or environmental areas where robust, common harmonised Eurostat data are available on an annual basis;
Amendment 139 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Considers that the exact scope and call rate of such statistics-based national contributions could be scaled and calibrated in such a way as to ensure the overall distributive fairness of the next basket of own resources; holds that such an comprehensive and well calibrated basket of own resource could thus replace and render superfluous any artificial reductions, lump sum rebates or correction mechanisms on the revenue side, which would otherwise compromise the consistency and incentivising force of the own resources policy;
Amendment 151 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls for the establishment of a biofoodwaste-based own resource; underlines that, under this mechanism, a share of GNI-based contributions would be replaced by a new distribution key requiring Member States recycling less biowaste to contribute more than Member States that recycle more biowaste, in a proportionate way; considers that this own resource would incentivise Member States to resort less to landfills; to pay contributions based on the amount of foodwaste generated in a given year; considers that this own resource would incentivise Member States to implement policies for foodwaste reduction measures thought the production chain and in the consumption phase; ((Justification:The amendment propose to change the proposal for a bio-waste own resource for a food-waste own resource, which constitutes a better option and is easier to achieve. The term ‘bio-waste’ means biodegradable garden and park waste, food and kitchen waste from households, offices, restaurants, wholesale, canteens, caterers and retail premises and comparable waste from food processing plants. The proposal aims at selecting a sub-stream of waste, namely food, and extending it further than communal waste streams upwards in the food supply chain (production waste). There is a very clear desired policy outcome linked to a statistical based own resource on food waste that is also nearly unanimously shared and understood by citizens: less food waste is good, we have an overarching goal to decrease this waste stream. In addition, a wide range of possible policy measures are available to decrease food waste and there is large margin for industrial and social innovation and a large array of additional positive effects of such waste reduction including potential price reduction of food. Eurostat already provides reporting of food waste that could serve as a good basis for the calculation of the contributions for such a statistical based own resource (https://ec.europa.eu/eurostat/statistics- explained/index.php?title=Food_waste_an d_food_waste_prevention_-_estimates).)
Amendment 153 #
25. Reiterates that any public revenue generated by the implementation of EU policies, the enforcement of EU regulations or the use of EU-funded infrastructure should, by default and in order to mutualise the benefits, accrue to the EU budget, as an own resource or as other revenue, in particular where the levying, collection and enforcement is organised centrally by the Commissa Union Institution; calls on the Commission, when drafting proposals and for Parliament and the Council, as legislative authorities, to comply with this cross-cutting approach in their legislative work;
Amendment 163 #
Motion for a resolution
Paragraph 34
Paragraph 34
34. Recalls its consultative powers regarding the Own Resources Decision; is convinced that a more pronounced roleequal footing with the Council and a more pronounced role with co-decision power of the European Parliament as the legislative and budgetary authority in the underlying legislation, as well as in the annual procedure concerning the revenue side and debt levels, cwould enhance the visibility, legitimacy and democratic accountability of EU public finance; calls for an end to the unanimity principle for fiscal matters in the Council;
Amendment 166 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Reminds Member States that post- 2027 multilateral financial framework negotiations will beis fundamentally linked with own resources negotiations and the sufficient availability of own resources; stands ready to make use of all its budgetary powers to ensure that clear and effective progress is made in the area of own resources;