5 Amendments of Frank ENGEL related to 2015/2010(INL)
Amendment 4 #
Motion for a resolution
Recital B
Recital B
B. whereas the revelations showed that tax advisors have helpedobtained for multinational companies to obtain at least 548 tax rulings in Luxembourg between 2002 and 2010; whereas those secret deals feature complex financial structures designed to create substantial tax reductions; whereas the tax rulings provide written assurance that multinational companies’ tax-saving plans would be viewed favourably by Luxembourgcan, as envisaged by their initial objective, give taxpayers legal security in cases where tax legislation, or its particular application in certain circumstances, is not clear or is subject to divergent interpretations, particularly in the case of complex operations, and thus avoid future legal action between the taxpayer and the tax authorities; y;
Amendment 19 #
Motion for a resolution
Recital D
Recital D
D. whereas in many cases Luxembourg subsidiaries handling hundreds of millions of euros in business maintain little presence and conduct little economic activity in Luxembourg, with some addresses being home to more than 1,600 companies;
Amendment 87 #
Motion for a resolution
Recital T – point i
Recital T – point i
(i) whereas increased transparency regarding the activities of large multinational companies, and in particular regarding profits made, taxes on profit paid, subsidies received and tax returns, is essential for ensuring that tax administrations tackle BEPS efficiently; whereas one vital form for this transparency to take is country-by-country reporting where there is no risk that it may damage proposed investment projects in certain countries; whereas any Union proposals for country-by-country reporting should in the first instance be based onaligned with the OECD guidelines; whereas it is possible for the Union to go further than the OECD guidelines, and the European Parliament voted in favour of full public country-by- country reporting in its amendments adopted on 8 July 20151 on the proposal for a revised Shareholder Rights Directive; whereas the European Commission conducted a consultation on this subject between 17 June and 9 September 2015 in order to explore different options for the implementation of country-by-country reporting2 ; __________________ 1 Texts adopted of 8 July 2015, P8_TA(2015)0257. 2 http://ec.europa.eu/finance/consultations/2 015/further-corporate-tax- transparency/index_en.htm.
Amendment 94 #
Motion for a resolution
Recital T – point ii
Recital T – point ii
(ii) whereas some companies within the Union have already begun to demonstrate that they are fully tax compliant with national tax legislation by applying for and promoting their ownership of a 'Fair Tax Payer' label3 ; whereas firms and citizens alike across the Union would benefit from wider take-up of such labels by companies who are fully tax compliant in order to set a high standard for others to emulator the present only firms whose economic activities are confined exclusively to national territory may obtain such labels; whereas these labels are as diverse as national tax laws; whereas these labels are not assigned by the competent national tax authorities; whereas these labels do not exempt firms from tax audits; whereas only a label based on common criteria at European level which is issued by a European competent authority would make it possible to encourage firms to fully comply with their tax obligations in order to increase public confidence; __________________ 3 Such as the Fair Tax Mark: http://www.fairtaxmark.net/.
Amendment 103 #
Motion for a resolution
Recital T – point iv
Recital T – point iv
(iv) whereas there is evidence that Member States do not communicate sufficiently between themselves about the possible impact that their tax arrangements with certain companies might have on tax collection in other Member States; whereas national tax authorities should automatically exchange all tax rulings without delay after they have been issued; whereas tax rulings signed up to by tax authorities should be subject to greater transparency, providing that confidential information and business sensitive information is preserved;