BETA

4 Amendments of Sven GIEGOLD related to 2009/2150(INI)

Amendment 14 #
Draft opinion
Paragraph 2 a (new)
2a. Recalls that the principle of policy coherence for development (PCD), which is enshrined in the Treaty, is a pioneering concept for attaining the Millennium Development Goals (MDGs); urges the EU accordingly to develop a trade policy which is consistent and coherent with the achievement of the MDGs; calls for the elaboration of robust legal mechanisms that would ensure that the EU is held accountable for its commitments towards policy coherence;
2009/12/14
Committee: ECON
Amendment 20 #
Draft opinion
Paragraph 3 a (new)
3a. Underlines that global imbalances constitute a main cause of the financial crisis and constitute another long-term challenge for developing countries; in particular, underlines that the volatility of capital flows, exchange rates and speculation on commodities prices have contributed inter alia to the creation of those global imbalances; reiterates in this respect its conviction that there is a need to set up a stabilised price-setting mechanism for commodities and to limit speculative activities on food and energy markets;
2009/12/14
Committee: ECON
Amendment 22 #
Draft opinion
Paragraph 3 b (new)
3b. Stresses that tax havens and off-shore centres encourage tax avoidance strategy (for instance, through transfer mispricing), tax evasion and illicit capital flight; in particular, underlines that tax fraud in developing countries leads to an annual loss of tax revenue corresponding to ten times the amount of injected development aid from developed countries; urges the Member States therefore to make the fight against tax havens, tax evasion and illicit capital flights from developing countries one of its overriding priorities; reiterates in this context its conviction that automatic exchange of information should be globally extended and implemented within a multilateral framework;
2009/12/14
Committee: ECON
Amendment 27 #
Draft opinion
Paragraph 4
4. Stresses the importance of supporting developing countries to build up effective taxation capacities, especially where a foreign undertaking has its seat or most of its shareholderinsists upon the need to improve international accounting standards to prevent tax avoidance and tax evasion practices, including requiring from transnational companies to elaborate financial reports ion OECDa country- by-country basies;
2009/12/14
Committee: ECON