Activities of Evelyn REGNER related to 2016/0107(COD)
Reports (1)
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Directive 2013/34/EU as regards disclosure of income tax information by certain undertakings and branches
Legal basis opinions (0)
Amendments (13)
Amendment 48 #
Proposal for a directive
Recital 2
Recital 2
(2) The European Parliament in its resolution of 16 December 2015 on bringing transparency, coordination and convergence to corporate tax policies in the Union18 acknowledged that increased transparency in the area of corporate taxation can improve tax collection, make the work of tax authorities more efficient, support policy-makers in assessing the current taxation system to develop future legislation and ensure increased public trust and confidence in tax systems and governments. __________________ 18 2015/2010(INL) 2015/2010(INL)
Amendment 55 #
Proposal for a directive
Recital 4 a (new)
Recital 4 a (new)
(4a) The International Accounting Standards Board (IASB) should upgrade the relevant International Financial Reporting Standards (IFRS) and the International Accounting Standards (IAS) to ease the introduction of public country- by-country reporting requirements.
Amendment 59 #
Proposal for a directive
Recital 4 b (new)
Recital 4 b (new)
(4b) Public country-by-country reporting has already been established in the European Union for the banking sector by Directive 2013/36/EU as well as for the extractive and logging industry by Directive 2013/34/EU.
Amendment 63 #
Proposal for a directive
Recital 4 c (new)
Recital 4 c (new)
(4c) More transparency in financial disclosure results in a win-win situation as tax administrations will be more efficient, civil society more involved, employees better informed, investors less risk-averse and undertakings will benefit from better relations with these stakeholders, resulting in more stability, along with easier access to finance due to a clearer risk profile and an enhanced reputation.
Amendment 64 #
Proposal for a directive
Recital 4 d (new)
Recital 4 d (new)
(4d) Public disclosure will increase the coherence of the EU development policy by helping third countries' tax administrations suffering from technical or financial weakness and difficulties to ensure an appropriate monitoring of the EU funding they receive.
Amendment 72 #
Proposal for a directive
Recital 5
Recital 5
(5) Enhanced public scrutiny of corporate income taxes borne by multinational undertakings carrying out activities in the Union is an essential element to further foster corporate social responsibility, to contribute to the welfare through taxes, to promote fairer tax competition within the Union through a better informed public debate and to restore public trust in the fairness of the national tax systems. Such public scrutiny can be achieved by means of a report on income tax information, irrespective of where the ultimate parent undertaking of the multinational group is established.
Amendment 74 #
Proposal for a directive
Recital 5 a (new)
Recital 5 a (new)
(5a) The European Commission has defined corporate social responsibility (CSR) as the responsibility of enterprises for their impact on society. CSR should be company led. Public authorities can play a supporting role through a smart mix of voluntary policy measures and, where necessary, complementary regulation. Companies can become socially responsible either by following the law or by integrating social, environmental, ethical, consumer or human rights concerns into their business strategy and operations, or both.
Amendment 75 #
Proposal for a directive
Recital 5 b (new)
Recital 5 b (new)
(5b) The public information provided under Article 48f is an important tool to enhance workers' rights to information and consultation. As stressed by Directive 2002/14/EC of the European Parliament and the Council, public corporate reporting strengthens dialogue and promotes mutual trust within undertakings in order to make employees aware of adaptation needs and promotes employee involvement in the operation and future of the undertaking leading to an increase of competitiveness. Public information on the recent and probable development of the undertaking's or the establishment's activities and economic situation is essential to engage in an informed dialogue within a company.
Amendment 77 #
Proposal for a directive
Recital 6
Recital 6
(6) The public should be able to scrutinise all the activities of a group when the group has certain establishments within the Union. For groups which carry out activities within the Union only through subsidiary undertakings or branches, subsidiaries and branches should publish and make accessible the report of the ultimate parent undertaking. However for reasons of proportionality and effectiveness, the obligation to publish and make accessible the report should be limited to medium-sized or large subsidiaries established and outside the Union. Multinational undertakings are operating worldwide and their corporate behaviour has a substantial impact on developing countries. Providing their citizens access to corporate country-by-country information would allow them and tax administrations in their countries to monitor, assess and/or hold those companies to account. By making the Union, or branches of a comparable size opened in a Member State. The scope of Directive 2013/34/information public for each tax jurisdictions where the multinational undertaking have operations, the EU shwould therefore be extended accordingly to branches opened in a Member State by an undertaking which is established outside the Unionincrease its policy coherence for development and limit potential tax avoidance schemes in countries where domestic resources mobilization has been identified as a key component of the EU development policy.
Amendment 103 #
Proposal for a directive
Recital 11 a (new)
Recital 11 a (new)
(11a) Trade unions and employees of multinational undertakings should be regularly and duly informed of the situation of the undertaking, including the number of employees employed on a full-time equivalent basis, the amount of profit made and of income tax paid, and the objectives and future investment plan of the undertaking. This should be in addition to the requirements set out in Directive 2002/14/EC.
Amendment 239 #
Proposal for a directive
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Chapter 10 a – Article 48 d – paragraph 1a (new)
Chapter 10 a – Article 48 d – paragraph 1a (new)
1a. The report shall be made available in at least one foreign language of large audience to ensure that public monitoring is not restricted by any linguistic barrier.
Amendment 264 #
Proposal for a directive
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Chapter 10 a – Article 48 i a (new)
Chapter 10 a – Article 48 i a (new)
Article 48ia Common template for the report The Commission shall, by means of implementing acts, lay down the common template to which Article 48b(1), (3), (4) and (6) and Article 48c(5) refer. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 50(2). In addition, the Commission shall publish on its website a freely accessible guide book explaining each elements of Article 48c(2) to provide citizens with basic knowledge to understand and interpret these figures.
Amendment 269 #
Proposal for a directive
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Directive 2013/34/EU
Article 51 – paragraph 1
Article 51 – paragraph 1