9 Amendments of Jean-Paul BESSET related to 2013/0045(CNS)
Amendment 26 #
Proposal for a directive
Recital 1
Recital 1
(1) In 2011, the Commission took note of a debate on-going at all levels on additional taxation of the financial sector. Theis debate originates from the desire to ensure that the financial sector fairly and substantially contributes to the costs of the crisis and that it is taxed in a fair way vis-à-vis other sectors for the future, to dis-incentivise excessively risky activities by financial institutions, to complement regulatory measures aimed at avoiding future crises and to generate additional revenue for general budgets or specific policy purposes, protection of global public goods such as forests, the climate or the oceans, cooperation with southern countries or specific policy purposes, particularly for ecological conversion.
Amendment 29 #
Proposal for a directive
Recital 1 a (new)
Recital 1 a (new)
(1a) According to the European Council's conclusions of 8 February 2013 on the next Multiannual Financial Framework 2014-2020, part of the revenues from the FTT should be allocated to the Union budget as a genuine own resource. All or part of the amount of the own resources from the FTT should be additional to the national contributions of the Member States in order to devote new funding to European investment.
Amendment 42 #
Proposal for a directive
Recital 4
Recital 4
(4) The improvement of the operation of the internal market, in particular the avoidance of distortions between the participating Member States requires that a FTT applies to a broadly determined range of financial institutions and transactions, to trade in a wide range of financial instruments, including structured products, both in the organised markets and "over- the-counter", as well as to the conclusion of all derivative contracts, including contracts for differences (CFD) and currency spots on the foreign exchange market, and to material modifications of the operations concerned.
Amendment 46 #
Proposal for a directive
Recital 7 a (new)
Recital 7 a (new)
(7a) In each set of negotiations, the FTT should be regarded as a condition for, or an option associated with, financial assistance requested by Member States in difficulties.
Amendment 67 #
Proposal for a directive
Recital 24 a (new)
Recital 24 a (new)
(24a) In order to reduce as much as possible the risks of relocation to third jurisdictions and to establish equal competitive conditions, the Commission and the Council should propose worldwide application of the FTT in international fora (particularly the G20 and G8).
Amendment 74 #
Proposal for a directive
Article 2 – paragraph 1 – point 2 – point c
Article 2 – paragraph 1 – point 2 – point c
(c) the conclusion of derivatives contracts, including contracts for differences (CFD) and currency spots on the foreign exchange market, before netting or settlement;
Amendment 143 #
Proposal for a directive
Article 9 – paragraph 2 – subparagraph 2 – point b
Article 9 – paragraph 2 – subparagraph 2 – point b
(b) 0.01% in respect of financial transactions referred to in Article 7.
Amendment 146 #
Proposal for a directive
Article 9 – paragraph 2 a (new)
Article 9 – paragraph 2 a (new)
(2a) 0.1% in respect of cancelled transaction orders if the daily average of these cancellations is more than 15 times the number of transaction orders executed.
Amendment 147 #
Proposal for a directive
Article 9 – paragraph 3 a (new)
Article 9 – paragraph 3 a (new)
(3a) Notwithstanding paragraph 3, participating Member States shall apply a higher rate to OTC financial transactions referred to in Articles 6 and 7.