2 Amendments of Richard CORBETT related to 2017/2053(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Recalls that the current system of own resources contradicts the letter and spirit of the Treaties in two major ways: firstly, in that Article 310(4) of the Treaty on the Functioning of the European Union (TFEU) stipulates that the Union shall not adopt any act that would have budgetary implications without providing assurance that such expenditure can be financed within the limit of the Union’s own resources, and secondly, in that Article 311 of the TFEU stipulates that the Union budget shall be financed wholly from own resources, while in practice the majority of its revenue comes from national contributions in the form of a percentage of GNI (69.1 %) and VAT (12.4 %);
Amendment 13 #
Draft opinion
Paragraph 3
Paragraph 3
3. Takes note of the opportunity presented by Brexit to reconsider the current system of rebates and corrections, which are not only contrary to the letter and spirit of the Treaties, but which have also proven to shift the focus of discussions from the European added value of the EU budget to the ‘net balance’ effect on the contributions of Member States;