11 Amendments of Jürgen KLUTE related to 2013/0045(CNS)
Amendment 6 #
Proposal for a directive
Recital 2 a (new)
Recital 2 a (new)
(2a) The initiative of the 11 Member States to proceed with the establishment of FTT under enhanced cooperation is the first ever attempt to establish FTT among several Member States. The successful implementation of FTT under enhanced cooperation will be the first step towards a Union-wide and ultimately a global FTT.
Amendment 7 #
Proposal for a directive
Recital 15 a (new)
Recital 15 a (new)
(15a) Tax avoidance should be made a high-cost and low-profit venture and in order to ensure better enforcement, the residence and issuance principle should be complemented by the "transfer of legal title principle".
Amendment 8 #
Proposal for a directive
Recital 21
Recital 21
(21) In order to allow the adoption of more detailed rules in certain technical areas, regarding registration, accounting, reporting obligations and other obligations intended to ensure that FTT due to the tax authorities is effectively paid to the tax authorities, and their timely adaptation as appropriate, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of specifying the measures necessary to this effect. It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing-up delegated acts, should ensure a timely and appropriate transmission of relevant documents to the European Parliament and the Council.
Amendment 15 #
Proposal for a directive
Article 9 – paragraph 3 a (new)
Article 9 – paragraph 3 a (new)
3a. Notwithstanding paragraph 3, participating Member States may apply a higher rate to OTC financial transactions referred to in Articles 6 and 7.
Amendment 16 #
Proposal for a directive
Article 11 – paragraph 2
Article 11 – paragraph 2
2. The Commission mayshall, in accordance with Article 16 adopt delegated acts specifying the measures to be taken pursuant to paragraph 1 by the participating Member States.
Amendment 17 #
Proposal for a directive
Article 11 – paragraph 5 – subparagraph 2
Article 11 – paragraph 5 – subparagraph 2
The Commission mayshall adopt implementing acts providing for uniform methods of collection of the FTT due. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 18(2).
Amendment 18 #
Proposal for a directive
Article 15 – paragraph 1 a (new)
Article 15 – paragraph 1 a (new)
Amendment 40 #
Proposal for a directive
Recital 3 a (new)
Recital 3 a (new)
(3a) Member States are encouraged to use revenues from the FTT for mitigating the effects of the financial crisis, which has been caused by financial market actors, notably in the areas of social, education, research, health, employment, cultural, environmental and renewable-energy policies.
Amendment 53 #
Proposal for a directive
Recital 13 a (new)
Recital 13 a (new)
(13a) Empirical data, collected for example by UNCTAD, has highlighted the problem of excessive speculation notably with regard to commodity derivatives. As a consequence food prices have drastically increased in some parts of the world hitting especially the most vulnerable people. Hence Member States shall be empowered to apply significantly higher tax rates for any type of trading activity with commodity contracts that goes beyond hedging of risks and that has the potential to cause distortions or unwarranted changes in the orderly price formation of commodities.
Amendment 94 #
Proposal for a directive
Article 2 – paragraph 1 – point 12 a (new)
Article 2 – paragraph 1 – point 12 a (new)
(12a) 'Excessive speculation' for the purpose of this directive means positions held by any person, including any group or class of persons, which do not objectively reduce risks directly related to that person's commercial activities related to the commodity and in which the counterparty is not reducing risks directly related to its commercial activities.
Amendment 149 #
Proposal for a directive
Article 9 – paragraph 3 a (new)
Article 9 – paragraph 3 a (new)
(3a) Notwithstanding paragraphs 2 and 3 Member States shall apply at least ten times higher rates for transactions that can be characterised as excessive speculation as defined in Article 2.