9 Amendments of Syed KAMALL related to 2010/2102(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Recalls that the objective of liberalising trade with the developing countries must be to promote theshould promote mutually beneficial sustainable economic growth and the development of these countries; notes that the elimination of customs duties will inevitably entail a loss of customs revenue and must therefore be under better control, be more gradual and go hand in hand with implementation ofby developing countries is best implemented in parallel to their tax reforms mobilising alternative formsources of revenue to make up the shortfallfor their public budgets offsetting the shortfall in customs revenue (VAT, property tax, income tax);
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Calls for systematic implementation, in the framework of Economic Partnership Agreements (EPAs), of measures to support tax reforms in developing countries, in the form of both material assistance (IT systems) and organisational assistance (legal and tax training for tax authority staff); underlines the need to make a special effort with African countries which still do not receive long-term assistance on taxation mattersfor developing countries to step up their own efforts in the area of taxation, mainly as regards tax collection and the fight against tax evasion, which are crucial to achieving a sound fiscal policy;
Amendment 6 #
Draft opinion
Paragraph 1 – point 3
Paragraph 1 – point 3
3. Calls on the Commission to adopt more stringent criteria for the identification of tax havens and to work towards an internationally binding multilateral automatic tax-information exchange agreement envisaging countermeasures in the event of non-compliance while recognising that developing countries may seek to adopt competitive tax rates in order to attract inward investment thereby creating jobs for local citizens;
Amendment 7 #
Draft opinion
Paragraph 3
Paragraph 3
3. Reaffirms the need to enhance the coherence between the European Union's development policy and its trade policy; recalls that while the crisis hasmay have exacerbated the volatility of commodities prices and has caused a decrease in capital and aid flows to developing countries, to dry uphe European Union as a whole, including its Member States, remains the leading development aid donor, accounting for 56% of the worldwide total, worth €49 billion in 2009; stresses that, in this context, it isought to be a priority for developing countries to put in place an efficient tax system so as to reduce developing countries' dependence on foreign aid and other, unpredictable external financial flows;
Amendment 12 #
Draft opinion
Paragraph 1 – point 5
Paragraph 1 – point 5
5. Proposes the inclusion of a specific provision related to good tax governance in the review of the Cotonou Agreement while recognising that lower import taxes to facilitate trade flows can encourage governments to diversify tax revenue streams and create more balanced tax systems;
Amendment 13 #
Draft opinion
Paragraph 4
Paragraph 4
4. Considers that a system of low-rate taxation founded on a broader tax basis and excluding allallowing discretionary tax exemptions and preferences, including for the extractive industries, is indispensablin exceptional cases, is a first step to encouraging respect for tax discipline; emphasises the need for incentive measures to involve investors more closely in projects with a positive local impact in economic, social and environmental terms;
Amendment 15 #
Draft opinion
Paragraph 1 – point 7 a (new)
Paragraph 1 – point 7 a (new)
7 a. Points out that development experts often express concerns that in many poorer countries governments can come to rely on aid which disincentivises them to investigate other ways of broadening their tax base/tax revenue stream.
Amendment 19 #
Draft opinion
Paragraph 5
Paragraph 5
5. Considers that the development of an efficient tax system must be one of the objectives ofin developing countries must become the backbone of their public finances; considers that the new EU investment policy in developing countries in ordershould contribute to establishing an environment more favourable to foreign and domestic private investment and to create the conditions for more effective international assistance; recalls that the EU's investment policy must focus on SMEs development, including through micro-credit, encourage innovation, public service efficiency, public-private partnerships and knowledge transfer to promote growth;
Amendment 23 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls for the creation, in the EPA framework, of an independent monitoring mechanism to assess the net tax impact of removing customs duties and at the same time progress being made in the area of tax reform in each country; calls for a clause to be introduced providing for a mandatory overall review of all EPAs after five years and for the provisions of each agreement to be amended, where necessary, in line with the requirements identified thereinindividual countries progress on implementing tax reforms or efficient tax collection in line with the latest updates of the OECD Model Tax Convention on Income and on Capital.