BETA

19 Amendments of Liem HOANG NGOC related to 2011/0308(COD)

Amendment 34 #
Proposal for a directive
Recital 32
(32) In order to provide for enhanced transparency of payments made to governments, large undertakings and public interest entities which are active in the extractive industry or logging of primary forests1 should disclose in a separate report on an annual basis material payments made to governments in the countries in which they operate. Such undertakings are active in countries rich in natural resources, in particular minerals, oil, naThe report should also include certain contextural gas as well as primary forests. The report should include types of payments comparable to those disclosed by an undertaking participating in the Extractive Industries Transparency Initiative (EITI). The initiativinformation. The report should form part of the notes to the financial statements and should incorporate dis also complemeclosures on a countary to the EU FLEGT Action Plan (Forest Law Enforcement, Governance and Trade) and the Timber Regulation which require traders of timber products to exercise due diligence in order to prevent illegal wood from entering into the EU market. __________________ 1 Defined in Directive 2009/28/EC as ‘naturally regenerated forest of native species, where there is no clearly visible indication of human activities and the ecological processes are not significantly disturbed.’-by-country basis, with certain additional reporting requirements on a project-by-project basis for undertakings active in the extractive industry or logging of primary forests.
2012/04/25
Committee: ECON
Amendment 41 #
Proposal for a directive
Recital 33
(33) TIn the reports should serve to facilitate governments of resource-rich countries in implementing the EITI Principles and Criteria and account to their citizens for payments such governments receive from undertakingsby large undertakings and public interest entities which are active in the extractive industry or loggersing of primary forests operating within their jurisdiction. The report should incorporat¹ payments to governments should also be disclosuresed on a country and project-by-project basis, where a project is considered as the lowest level of operational reporting unit at which the undertaking prepares regular intmeans an operational unit set up on the basis of one or severnal management reports, such as alicences, concessions, geographical basin, etc and where payments have been attributed to such projects. In the light of the overall objective of promoting good governance in these countries, the materiality of payments to bcontracts or other specific legal agreements which give rise to fiscal or parafiscal liabilities. However, the disclosure requirements on a project-by- project basis should be limited to projects for which the total amount of payments exceeds EUR 50 000. The reporteds should be assessed in relation to the recipient government. Various criteria on materiality could be envisaged such as payments of an absolute amount, or a percentage threshold (such as payments in excess of a percentage of a country’s GDP) and these can be defined through a delegated act. The reporting regime should be subjeinclude types of payments comparable to those disclosed by an undertaking participating in the Extractive Industries Transparency Initiative (EITI). The initiative is also complementary to the EU FLEGT Action Plan (Forest Law Enforcement, Governance and Trade)² and the Timber Regulation³ which require traders of timber products to a review and a report by the Commission within five years of the entry into force of the Directiveexercise due diligence in order to prevent illegal wood from entering into the EU market. The reviewports should consider the effectiveness of the regime and take into account international developments including issues of competitiveness and energy security. The review should also take into account the experience of preparers and users of the payments information and considerserve to facilitate governments of resource-rich countries in implementing the EITI Principles and Criteria and account to their citizens for payments such governments receive from undertakings active in the extractive industry or loggers of primary forests operating within their jurisdiction. ––––––––––––––––– ¹ Defined in Directive 2009/28/EC as "naturally regenerated forest of native species, where there it would be appropriate to include additional payment information such as effective tax rates and recipient details, such as bank account information. s no clearly visible indication of human activities and the ecological processes are not significantly disturbed." ² OJ L 347, 30.12.2005, p.1. ³ Regulation (EU) No 995/2010 of the European Parliament and of the Council of 20 October 2010. Companies that import wood products under EU voluntary agreements will be exempt from this requirement.
2012/04/25
Committee: ECON
Amendment 86 #
Proposal for a directive
Article 36 – paragraph 1 – point 4
4. ‘Project’ is equivalent to a specific operational reporting unit at the lowest level within the undertaking at which regular internal management reports are prepared to monitor its businesmeans an operational unit set up on the basis of one or several licences, concessions, contracts or other specific legal agreements which give rise to fiscal or parafiscal liabilities.
2012/04/25
Committee: ECON
Amendment 94 #
Proposal for a directive
Article 37 – paragraph 1
1. Member States shall require large undertakings and all public interest entities active in the extractive industry or the logging of primary forests to prepare and make public a report on payments made to governments on an annual basito prepare and make public a report on payments made to governments and certain contextual information as defined in Article 38 on an annual basis. The report shall include activities of subsidiaries, associates, joint ventures, permanent establishments and other trading arrangements to the extent that they are consolidated in the annual financial statements of the undertaking or entity in question. The report shall be part of the notes to the financial statements.
2012/04/25
Committee: ECON
Amendment 99 #
Proposal for a directive
Article 38 – paragraph 1 – introductory part
1. The report shall specify the following when material to the recipient government:
2012/04/25
Committee: ECON
Amendment 108 #
Proposal for a directive
Article 38 – paragraph 1 – point c
(c) for undertakings active in the extractive industry and the logging of primary forests, where those payments have been attributed to a specific project the amount per type of payment, including payments in kind, made for each such project within a financial year, and the total amount of payments for each such project.
2012/04/25
Committee: ECON
Amendment 112 #
Proposal for a directive
Article 38 – paragraph 1 – point c a (new)
(ca) net turnover broken down by main categories of activity;
2012/04/25
Committee: ECON
Amendment 115 #
Proposal for a directive
Article 38 – paragraph 1 – point c b (new)
(cb) production volumes broken down by main categories of activity;
2012/04/25
Committee: ECON
Amendment 117 #
Proposal for a directive
Article 38 – paragraph 1 – point c c (new)
(cc) production cost with its associated employee count and aggregate remuneration;
2012/04/25
Committee: ECON
Amendment 119 #
Proposal for a directive
Article 38 – paragraph 1 – point c d (new)
(cd) total cash cost of operations;
2012/04/25
Committee: ECON
Amendment 121 #
Proposal for a directive
Article 38 – paragraph 1 – point c e (new)
(ce) fixed production assets at year-end with associated accumulated depreciation;
2012/04/25
Committee: ECON
Amendment 123 #
Proposal for a directive
Article 38 – paragraph 1 – point c f (new)
(cf) net profit and loss before tax with associated cash and deferred tax on an accrual basis;
2012/04/25
Committee: ECON
Amendment 126 #
Proposal for a directive
Article 38 – paragraph 1 a (new)
1a. The information referred to in paragraph 1 shall be disclosed on a country-by-country basis except for subparagraph c, where information shall be disclosed on a project-by-project basis provided the total amount of payments attributed to a specific project exceeds EUR 50 000.
2012/04/25
Committee: ECON
Amendment 131 #
Proposal for a directive
Article 38 – paragraph 2 – point b
(b) taxes on profits and the effective tax rate applied;
2012/04/25
Committee: ECON
Amendment 140 #
Proposal for a directive
Article 38 – paragraph 2 – point f a (new)
(fa) payments to state security forces for security services;
2012/04/25
Committee: ECON
Amendment 151 #
Proposal for a directive
Article 38 – paragraph 3
3. Where payments in kind are made to a government, they shall be reported in value orand in volume. Where they are reported in terms of value, supporting notes shall be provided to explain how their value has been determined.
2012/04/25
Committee: ECON
Amendment 156 #
Proposal for a directive
Article 38 – paragraph 4
4. The Commission shall be empowered to adopt delegated acts in accordance with Article 42 in order to specify the concept of materiality of payments.
2012/04/25
Committee: ECON
Amendment 161 #
Proposal for a directive
Article 38 – paragraph 5
5. The report shall exclude any type of payments made to a government in a country where the public disclosure of this type of payment is clearly prohibited by the criminal legislation of that country. In such cases the undertaking shall state that it has not reported payments in accordance with paragraphs 1 to 3, and shall disclose the name of the government concerned.deleted
2012/04/25
Committee: ECON
Amendment 169 #
Proposal for a directive
Article 39 – paragraph 1
1. A Member State shall require any large undertaking or any public interest entity active in the extractive industry or the logging of primary forests and governed by its national law to draw up a consolidated report on payments to governments in accordance with Articles 37 and 38 if that parent undertaking is under the obligation to prepare consolidated financial statements as laid down in Article 23(1) to 23(6) of this Directive.
2012/04/25
Committee: ECON