9 Amendments of Udo BULLMANN related to 2008/0215(CNS)
Amendment 22 #
Proposal for a directive – amending act
Article 1 – point 2 – point b a (new)
Article 1 – point 2 – point b a (new)
Directive 2003/48/EC
Article 2 – paragraph 4 (new)
Article 2 – paragraph 4 (new)
ba) The following paragraph 4 is added: “4. If an insurance contract makes provision for individual asset management for the contributions made on an account or securities account with a credit institution, the policy holder shall be considered as the beneficial owner of the revenue credited to the account or securities account under the terms of Article 6.”
Amendment 23 #
Proposal for a directive – amending act
Article 1 – point 2 – point b b (new)
Article 1 – point 2 – point b b (new)
Directive 2003/48/EC
Article 2– paragraph 5 (new)
Article 2– paragraph 5 (new)
bb) The following paragraph 5 is added: “5. For the purposes of this Directive, the settlor of a trust is considered the beneficial owner of the revenue paid to the trust under the terms of Article 6, provided the trust is in the country in which the settlor is resident, is recognised as non-profit making or is taxable there at a nominal minimum 15%.”
Amendment 24 #
Proposal for a directive – amending act
Article 1 – point 2 – point b c (new)
Article 1 – point 2 – point b c (new)
Directive 2003/48/EC
Article 2 – paragraph 6 (new)
Article 2 – paragraph 6 (new)
bc) The following paragraph 6 is added: “6. For the purposes of this Directive, the founder of a private non-profit foundation is considered the beneficial owner of the revenue paid to the foundation under the terms of Article 6.”
Amendment 25 #
Proposal for a directive – amending act
Article 1 – point 2 – point b d (new)
Article 1 – point 2 – point b d (new)
Directive 2003/48/EC
Article 2 – paragraph 7 (new)
Article 2 – paragraph 7 (new)
Amendment 26 #
Proposal for a directive – amending act
Article 1 – point 2 – point b e (new)
Article 1 – point 2 – point b e (new)
Directive 2003/48/EC
Article 2 – paragraph 8 (new)
Article 2 – paragraph 8 (new)
be) The following paragraph 8 is added: “8. For the purposes of this Directive, the founder or creator of other legal entities is considered the beneficial owner of the revenue paid to the company under the terms of Article, provided the other legal entity is recognised as non-profit making in the country in which it is established or is taxable there at a nominal minimum 15%.”
Amendment 32 #
Proposal for a directive – amending act
Article 1 – point 4
Article 1 – point 4
Directive 2003/48/EC
Article 6 – paragraph 1 – point aa
Article 6 – paragraph 1 – point aa
aa) any income paid, or credited to an account, relating to securities of any kind under which the investor receives: i) a return on capital whose conditions are defined at the issuing date, and ii) at the end of their term, at least 95% of the capital investedincome from any form of other capital debt claims, if repayment of the capital or a charge for the transfer of assets for use has been pledged or granted, even if the amount of the repayment or charge is dependent on uncertain factors; this shall apply regardless of the designation of the investment and its civil law form; the difference between the purchase price and the revenue from the sale, refund or redemption of the capital debt claims referred to in (a);
Amendment 33 #
Proposal for a directive – amending act
Article 1 – point 4
Article 1 – point 4
Directive 2003/48/EC
Article 6 – paragraph 1 – point e
Article 6 – paragraph 1 – point e
e) benefits from a life insurance contract where the contract provides for a biometric risk coverage which, expressed as an average over the duration of the contract, is lower than 5 % of the capital insured and its actual performance is fully linked to interest or income of the kinds referred to in points (a), (aa), (b), (c) and (d); for this purpose any difference between the amounts paid out pursuant to a life insurancthe difference between the insurance benefit and the sum of the contributions paid for this in the event of survival or redeeming the contract andin the sum of all the payments made to the life insurer under the same life insurance contract shall be considered benefits from life insurance contracts.case of endowment life insurance and retirement insurance, where no lifelong pension is paid;
Amendment 36 #
Proposal for a directive – amending act
Article 1 – point 4
Article 1 – point 4
Directive 2003/48/EC
Article 6 – paragraph 1 – point e a (new)
Article 6 – paragraph 1 – point e a (new)
(ea) income from structured products. Structured products are bonds where the level of repayment obligations depends on developments in some form of agreed base value. The difference in the amount between the purchase cost and the revenue from the sale, refund or redemption of the structured product is also considered as income;
Amendment 37 #
Proposal for a directive – amending act
Article 1 – point 4
Article 1 – point 4
Directive 2003/48/EC
Article 6 – paragraph 1 – point e b (new)
Article 6 – paragraph 1 – point e b (new)
(eb) dividends received by a credit institution or financial institution on behalf of the beneficial owner.