Activities of Kay SWINBURNE related to 2016/0010(CNS)
Plenary speeches (1)
Mandatory automatic exchange of information in the field of taxation (A8-0157/2016 - Dariusz Rosati)
Amendments (4)
Amendment 9 #
Proposal for a directive
Recital 2
Recital 2
(2) As Multi National Enterprise (MNE) Groups are active in different countries, they have the possibility of engaging in aggressive tax planning practices that are not available for domestic companies. When MNEs do so, purely domestic companies, normally small and medium- sized enterprises (SMEs) may be particularly affected as their tax burden is higher than that of MNE Groups. On the other hand, all Member States may suffer revenue losses and there is the risk of competition to attract MNE Groups by offering them further tax benefits. There is therefore a problem for the proper functioning of the Internal Market.
Amendment 29 #
Proposal for a directive
Recital 4
Recital 4
(4) Increased transparency towardsAn adequate level of information provided to and exchanged between national tax authorities could have the effect of giving MNE Groups an incentive to abandon certain practices and pay their fair share of taxpay their tax due in the country where profits are made. Enhancing transparency for MNE Groups is therefore an essential part of tackling base erosion and profit shifting.
Amendment 73 #
Proposal for a directive
Recital 18 a (new)
Recital 18 a (new)
(18a) Member States' yearly report to the Commission under this Directive, should detail the extent of local filing under Article 8aa and Point 1, Section II, Annex III of this Directive and contain a list of any jurisdictions where ultimate parent entities of Union-based constituent entities are resident, but full reports have not been filed or exchanged.
Amendment 74 #
Proposal for a directive
Recital 18 b (new)
Recital 18 b (new)
(18b) The information exchanged under this Directive does not lead to the disclosure of a commercial, industrial or professional secret or of a commercial process, or of information the disclosure of which would be contrary to public policy.