Activities of Eider GARDIAZABAL RUBIAL related to 2023/2058(INI)
Shadow opinions (1)
OPINION on the role of tax policy in times of crisis
Amendments (8)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Holds that the EU budget’s investment policy and its multiannual programming are a potentially stabilising factor, ensuring that certain long-term investments that enhance growth, promote convergence and boost employment are not affected by the volatility of economic cycles and national downturns;
Amendment 5 #
Draft opinion
Paragraph 2
Paragraph 2
2. Recalls that the own resources system alreadyof the Union includes mechanisms that can be considered modest automatic stabilisers during asymmetrical crises, namely the value added tax-based own resource and the gross national income- based own resource;
Amendment 7 #
Draft opinion
Paragraph 3
Paragraph 3
3. ConcedeRegrets that the EU, because of its restricted competences regarding direct taxation and social policies, as well as the limited size of its general budget, does not currently have effective and immediate ways of combating inequality and poverty risk, including through redistributingon of income between individual taxpayers or private households in times of crisis, and ensuring sufficient means to respond to crises and their social and economic effects;
Amendment 12 #
Draft opinion
Paragraph 4
Paragraph 4
4. Warns against taxation mechanisms that, if set up at the wrong level, might result in capital flight, with investments and other revenues flowing outside the EUDraws attention to the need for taxation mechanisms at European level to be appropriately designed, to avoid possible capital flight;
Amendment 19 #
Draft opinion
Paragraph 5
Paragraph 5
5. Asks for a portion of any revenue generated by permanent taxation mechanisms set up at EU level to be introduced as own resources, in order to further improve the stabilisation function of the EU budget and fund EU policy priorities; considers that the Commission and the Council should continually assess whether any revenue stemming from new temporary crisis taxation mechanisms should enter the EU budget as own resources or other revenue;
Amendment 22 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Recalls that windfall profits do not correspond to any regular profits that large firms would or could have expected to obtain under normal circumstances, had unpredictable events, such as the recent Covid-19 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 in support of vulnerable households and SMEs;
Amendment 23 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
Amendment 25 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls on the Commission and the Council to explore the possibility of using the EU budget’s expenditure and revenue mechanisms as response instruments and for redistribution purposes during symmetrical and asymmetrical crises, such as through a permanent fiscal capacity for the euro areaUnion, so that the EU budget can better adapt and quickly react to crises and their social and economic effects while ensuring sustainable long-term investment on EU policies.