7 Amendments of Dimitrios PAPADIMOULIS related to 2023/2058(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Holds that the EU budget’s investment policy and its multiannual programming are a potentially stabilising factor, helping to ensuringe that certain long- term investments that enhance growth and boost employment are not detrimentally affected by the volatility of economic cycles and national downturns; underlines, however, that the multiple crises and their socio-economic consequences have significantly affected the purchasing power and the stabilising effect of the EU budget and have limited the Union’s ability to provide itself with the means necessary to attain its objectives and carry through its policies;
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Recalls that the own resources system already includes mechanisms that can be considered modest automatic stabilisers during asymmetrical crises, namely the value added tax-based own resource and the gross national income- based own resource; reiterates the need to fully respect the timeline of the legally- binding roadmap for the introduction of new own resources annexed to the Interinstitutional Agreement (IIA) of 16 December 2020, including the introduction of an EU-wide financial transaction tax; urges, furthermore, the Commission to continue the efforts to identify fresh, new and preferably genuine own resources and other revenue sources for the Union budget beyond the IIA;
Amendment 6 #
Draft opinion
Paragraph 3
Paragraph 3
3. ConcedeRegrets that the EU, because of its restricted competences regarding direct taxation and social policies, as well as the limited size of its general budget, does not currently have effective and immediate ways of redistributing income between individual taxpayers or private households in times of crisis; stresses the need for enhanced EU competences and more efficient and democratic decision-making in EU tax policy and social policy, including through the transition to qualified majority voting under the ordinary legislative procedure;
Amendment 13 #
Draft opinion
Paragraph 4
Paragraph 4
4. Warns againsBelieves that taxation mechanisms that, ifshould be set up at the wrong level, might result in capilevels that ensure talx flight, with investments and other revenues flowing outside the EUairness and contribute to tackling income inequality;
Amendment 14 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Notes with concern the increase in income inequality, with wealth being even more concentrated than income and capital gains being mostly realised by the top decile of the population; stresses the need for a more effective and fair redistribution of income and wealth through the taxation of capital gains, property and wealth; calls on the Commission to propose a progressive EU wealth tax and to support calls to start negotiations for such a tax at international level;
Amendment 16 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Regrets the limited scope and short time span of the EU solidarity contribution; calls on the Commission to propose a permanent excess profit tax on all sectors, in light of growing evidence that inflation is significantly driven by excess corporate profits;
Amendment 24 #
Draft opinion
Paragraph 6
Paragraph 6
6. CRecalls that the EU budget has been used continuously as a response tool in times of crises; calls on the Commission and the Council to explore the possibilityways of using the EU budget’s expenditure and revenue mechanisms as response instruments and for redistribution purposes during symmetrical and asymmetrical crises, such as through a permanent fiscal capacity for the euro areawithout any detriment to existing policies and programmes; calls, in this regard, for the establishment of a permanent fiscal capacity for the euro area and of a permanent special instrument over and above the MFF ceilings for the EU budget to better adapt and quickly react to crises and their social and economic effects.