Activities of Eider GARDIAZABAL RUBIAL related to 2022/2172(INI)
Plenary speeches (1)
Impact on the 2024 EU budget of increasing European Union Recovery Instrument borrowing costs - Own resources: a new start for EU finances, a new start for Europe (debate)
Shadow reports (1)
REPORT on own resources: a new start for EU finances, a new start for Europe
Amendments (35)
Amendment 5 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
B a. whereas the need to repay Next Generation EU (NGEU) and the emerging challenges for the EU underline the need to reassess the EU system of own resources, by exploiting the full potential of new genuine own resources to assure sustainable financing of the EU budget in the long-term;
Amendment 13 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
Amendment 18 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses the crucial and growing importance of the EU budget in delivering on virtually all of the EU’s key policy objectives, its flagship programmes and its crisis interventionresponsiveness; underlines the multiple challenges the EU is facing such as building up its strategic autonomy, ending its reliance upon Russian fossil fuels, delivering on the European Pillar of Social Rights, completing the health union and the energy union and financing important common projects such as defence, civil protection and spaceour green transition ambitions, including our climate targets towards net-zero by 2050; considers that all new EU policies and challenges must involve new means and extraadditional fresh resources; reiterates, in this regard, that robust, reliable and resilient financing of the EU budget requires a diversified and enlarged set of own resources; is convinced that there is huge potential in a well-designed reform of the EU own resources not only for strengthening the financing of its budgetary needs, but also for boosting its policy outputs, improving the fiscal equilibrium between the EU and Member States and adding value to overall public finance; recalls that, in an ever-evolving world with new emerging challenges and threats, EU-wide solutions are needed to ensure a level playing field for all Member States in their capacity to support citizens, households and businesses, thereby preserving the integrity of the internal market and preventing its fragmentation or distortion;
Amendment 28 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Expresses its high expectations that, with the ETS- and CBAM-based own resources, the long-standing demand for a better linkage of the EU revenue side with environmental policies and the rationale of climate mainstreaming across expenditure and revenue policies will finally become operational; notes that the sectoral negotiations on the CBAM and the ETS have led to an agreement; welcomes the fact that the resulting legal texts in the ETS Directive and the CBAM Regulation remain fully compatible with the own resources proposals; calls for the EU institutions to thoroughly assess the implications regarding the revenue estimations; insists on not using such analyses as a pretext for blocking decision- making; is aware and calls on the Council to move as swiftly as possible in adopting the relevant legal texts; acknowledges, furthermore, that in the very long run, as the process of decarbonisation continues, the yields from the green own resources will diminish;,
Amendment 33 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes that the current reference in the own resources proposal to own resources from the proceeds of the OECD/G20 Pillar One Agreement will have to be updated in line with the multilateral convention and the related EU directive to implement the provisions in the EU Member States in a harmonised manner; is, however, very concerned that the negotiations on the Pillar I reform at global stage remain blocked;
Amendment 49 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls on the Member States in the Council to adopt, as soon as possible, the new own resources from the first package of 14 December 2021; worries, however, that the amounts generated by the new own resources will not be sufficient to cover all NGEU repayments and borrowing costs; calls, therefore, on the Commission to come forward with the next batch of proposals ias soon as possible and no later than the third quarter of 2023 at the latest; insists that these proposals take into account the priorities of the European Parliament as outlined in here;
Amendment 51 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Urges all actors to continue the efforts to identify fresh and new, preferably, new and genuine, own resources, ands well as other revenue sources for the EU budget with the aim of fully covering the overall expected expenditure for the repayment of the principal and the interest of the funds borrowed under the NGEU and reinforcing the EU budget where the ‘1 % of EU GDP dogma’ is to be abandoned;
Amendment 54 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Believes that introducing new own resources beyond the legally binding Interinstitutional Agreement of 16 December 2020 would achieve lasting benefits, not only in the delivery of Union policies, but also in ensuring the Union’s standing as a credible and smart debt issuer;
Amendment 56 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10 b. Underlines that the amount of additional EU own resources must be sufficient to not only cover the debt service of the EU-bonds, including the incurring interest charges, but also to sustain and facilitate needed European investments beyond 2026 to finance the digital and green transformation of the EU;
Amendment 58 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Believes that the EU revenue side should be used strategically to create incentives for more social and tax justice; underlines that green own resources should be complemented by tax-based own resources from the corporate sector for reasons of sufficiencas well as from the wealthiest individuals and private households for reasons of sufficiency, social and economic equality, fiscal equivalence (those who benefit from the EU and its open markets should also contribute their fair share to its financing) and overall distributional fairness among Member States and sectors;
Amendment 61 #
Motion for a resolution
Subheading 2 a (new)
Subheading 2 a (new)
Excessive profits in times of crises
Amendment 63 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Recalls that windfall profits do not correspond to any regular profits that large firms would have or could have expected to obtain under normal circumstances had unpredictable events, such as the pandemic and the war in Ukraine not taken place; reiterates its support for measures taxing all sectors profiteering off the global crises; stresses that the revenues of windfall profits should benefit consumers and businesses, in particular to support vulnerable households and SMEs;
Amendment 65 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. Calls, in this context, on the Commission to urgently come forward with a new own resource linked to the measures recently introduced to redistribute the energy sector's surplus, namely the solidarity levy for the fossil fuel sector and the cap on market revenues, for electricity generators and intermediaries that use inframarginal technologies; proposes that this new own resource would consist of a share of the revenues generated by these levies; recommends that the proceeds of this new own resource are used to finance relief and income support measures for households across the Union;
Amendment 67 #
Motion for a resolution
Paragraph 11 c (new)
Paragraph 11 c (new)
11 c. Calls, furthermore, on the Commission to come forward with a new own resource based on a solidarity tax applicable to any company that makes excess profits off crises, including those in the food, financial and pharmaceutical sectors; considers that such an own resource could be based on a higher tax rate for excess corporate profits for large multinationals in the relevant sectors above a certain percentage of global or European annual return; considers that, in the long term, application of such a tax should become a permanent tool of the EU activated when the world faces unexpected crises; calls on the Commission to urgently proceed with an assessment of this type of new own resource and come forward with a concrete proposal;
Amendment 73 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Draws attention to the growing repurchase of corporate stock (share buyback) in the EU; calls on the Commission to assess the feasibility of an excise duty for the EU as it would allow to disincentivise this growing practice that rewards shareholders while generating new resources;
Amendment 76 #
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 82 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Recalls that in its Report on a Sustainable Europe Investment Plan, Parliament reiterated “its call to all Member States to join the enhanced cooperation framework on the FTT"; considers that if the EU budget was enriched by an additional EUR 57 billion, it would facilitate the repayment of the Next Generation EU debt and would provide increased means to the Union's priorities; stresses that, on its own, the FTT could bring in more than all the other new own resources currently being negotiated, while being a popular social justice solution; underlines that, since it was proposed by the European Commission in 2011, it has already been the subject of all necessary impact assessments for its proper implementation; recalls that the impact assessments carried out by the European Commission state that only one year is needed between a political agreement on the FTT and the actual inflow of new resources for the EU budget; recalls, also, that, in the December 2020 MFF package, the European Commission noted that "discussions on the Financial Transaction Tax under enhanced cooperation are ongoing with a view of their finalisation by the end of 2022";
Amendment 89 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13 b. Urges, in this respect, the Commission and the Member States involved in the negotiations on the enhanced cooperation to do their utmost to reach an agreement on the FTT before the end of June 2023; encourages the rest of the Members States to join;
Amendment 99 #
Motion for a resolution
Subheading 5
Subheading 5
Amendment 103 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 106 #
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 112 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 123 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Stresses that several taxation options are conceivable for crypto-assets, such as a tax on capital gains resulting from crypto-asset activities (based on a uniform levy rate for all EU Member States), a tax on crypto-asset transactions or a tax on the mining and trading of crypto-assets determined according to their electricity consumption and environmental impact; calls on the Commission to assess the impact of these options on the European crypto-asset market, to estimate potential revenues and to come forward with a concrete proposal;
Amendment 128 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
Amendment 129 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Observes, moreover, that the expansion of the data economy in Europe has led to a steep increase in data traffic, especially during the pandemic, and to substantial economic benefits for major internet companies and the telecom sector as a whole; is mindful of the environmental impact of data flows; calls on the Commission to identify and assess measures to optimise this data traffic and limit the carbon footprint thereof, including through financial incentives;
Amendment 130 #
Motion for a resolution
Subheading 7 a (new)
Subheading 7 a (new)
Own Resources to fight economic and social inequality
Amendment 131 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Calls on the Commission to assess the potential of a new own resource based on an EU minimum Capital Gains Tax, with the aim of taxing profits made off an asset at the moment of sale; considers that such a tax would apply to the increase in value of income from capital, which is often less taxed than income from labour in most Member States; believes, furthermore, that such a tax could cover a number of capital assets, including stocks, bonds, digital assets such as cryptocurrencies, real estate; calls therefore on the Commission to assess the feasibility of such an own resource and to bring forward a relevant proposal;
Amendment 132 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
Amendment 133 #
Motion for a resolution
Paragraph 20 c (new)
Paragraph 20 c (new)
20 c. Considers, in addition, that in light of a substantial and increasing global wealth inequality, it is high time for the EU to take action in taxing top-earned incomes; believes that establishing a minimum level of taxation for high incomes and an additional tax bracket for “excessive” incomes would be the way forward in ensuring social and economic justice; calls on the Commission to assess the impact of such a type of new own resource and come forward with a proposal for a new own resource based on a tax for top earned income;
Amendment 135 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Sees high potential added value in own resources in the form of statistics- based national contributions which provide Member States with an incentive and a reward for vigorous implementation of EU-level policies; calls on the Commission to assess and simulate the impact of such national contributions calculated on the basis of statistics in the social or environmental areas where robust, reliable and common harmonised Eurostat data are available on an annual basis;
Amendment 141 #
Motion for a resolution
Paragraph 23
Paragraph 23
Amendment 154 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Insists that budget revenue in the form of levies, fees – such as those charged for visa waivers under the European Travel Information and Authorisation System (ETIAS) when it comes into operation – excess emission premiums, competition fines, infringement penalties or similar should be listed transparently inform an integral part of the annual budget documents; acknowledges that for Treaty- related reasons, such other income must remain ancillary to own resources under Article 311 which must remain the EU budget’s primary source of financing;
Amendment 155 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Draws attention to the special case of proceeds generated in the context of criminal justice sentences and, specifically, the confiscation of assets in the event of non-compliance with EU sanctions; requests that the Commission assess in detail how such proceeds or penalties collected by Member State authorities could be made available to the EU budget as an own resource; supports the idea of making the proceeds of the confiscation and monetisation of assets resulting from criminal activities an own resource of the Union; supports the idea of making the proceeds of the confiscation and monetisation of Russian assets available for relief and reconstruction efforts in Ukraine; suggests channelling such proceeds through the general EU budget and ensuring a governance structure that involves the Ukrainian and European Parliaments;
Amendment 162 #
Motion for a resolution
Paragraph 34
Paragraph 34
34. Recalls its consultative powers regarding the Own Resources Decision; is convinced that a more pronounceddecisions concerning Own Resources should be adopted via the ordinary legislative procedure, since the role of the European Parliament, as the legislative and budgetary authority in the underlying legislation, as well as in the annual budgetary procedure concerning the revenue side and debt levels, should be preserved; considers, furthermore, that such an enhanced role for the European Parliament could enhance the visibility, legitimacy and accountability of EU public finance;
Amendment 165 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. RUnderlines that progress on new own resources beyond the second basked included in the Interinstitutional Agreement of 16 December 2020 is urgently needed; reminds Member States that post- 2027 multilateral financial framework negotiations will be linked with own resources negotiations; stands ready to make use of all its budgetary powers to ensure that clear and effective progress is made in the area of own resources;