# C_2019129EN.01013401.xml

| 5.4.2019 | EN | Official Journal of the European Union | C 129/134 |
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5.4.2019

EN

Official Journal of the European Union

C 129/134

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P8_TA(2018)0050

Mandatory automatic exchange of information in the field of taxation *

European Parliament legislative resolution of 1 March 2018 on the proposal for a Council Directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (COM(2017)0335 — C8-0195/2017 — 2017/0138(CNS))

(Special legislative procedure — consultation)

(2019/C 129/15)

The European Parliament,

| — | having regard to the Commission proposal to the Council (COM(2017)0335), |
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—

having regard to the Commission proposal to the Council (COM(2017)0335),

| — | having regard to Articles 113 and 115 of the Treaty on the Functioning of the European Union, pursuant to which the Council consulted Parliament (C8-0195/2017), |
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—

having regard to Articles 113 and 115 of the Treaty on the Functioning of the European Union, pursuant to which the Council consulted Parliament (C8-0195/2017),

| — | having regard to its resolution of 6 July 2016 on tax rulings and other measures similar in nature or effect (1), |
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—

having regard to its resolution of 6 July 2016 on tax rulings and other measures similar in nature or effect (1),

| — | having regard to Rule 78c of its Rules of Procedure, |
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—

having regard to Rule 78c of its Rules of Procedure,

| — | having regard to the report of the Committee on Economic and Monetary Affairs (A8-0016/2018), |
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—

having regard to the report of the Committee on Economic and Monetary Affairs (A8-0016/2018),

| 1. | Approves the Commission proposal as amended; |
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1.

| 2. | Calls on the Commission to alter its proposal accordingly, in accordance with Article 293(2) of the Treaty on the Functioning of the European Union; |
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2.

| 3. | Calls on the Council to notify Parliament if it intends to depart from the text approved by Parliament; |
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3.

| 4. | Asks the Council to consult Parliament again if it intends to substantially amend the Commission proposal; |
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4.

| 5. | Instructs its President to forward its position to the Council, the Commission and the national parliaments. |
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5.

Amendment 1

Proposal for a directive

Recital 2

| Text proposed by the Commission | Amendment |
| --- | --- |
| (2) | Member States find it increasingly difficult to protect their national tax bases from erosion as tax planning structures have evolved to be particularly sophisticated and often take advantage of the increased mobility of both capital and persons within the internal market.
  These
  structures commonly consist of arrangements which are developed across various jurisdictions and move taxable profits towards more beneficial tax regimes or have the effect of reducing the
  taxpayer’s overall tax bill
  . As a result, Member States often experience considerable reductions in their tax revenues
  which hinder them
  from applying growth-friendly tax policies. It is therefore critical that Member States' tax authorities obtain comprehensive and relevant information about
  potentially aggressive tax
  arrangements. This information would enable those authorities to be able to promptly react against harmful tax practices and to close loopholes through enacting legislation or by undertaking adequate risk assessments and carrying out tax audits. |

Text proposed by the Commission

Amendment

(2)

Member States find it increasingly difficult to protect their national tax bases from erosion as tax planning structures have evolved to be particularly sophisticated and often take advantage of the increased mobility of both capital and persons within the internal market.
  These
  structures commonly consist of arrangements which are developed across various jurisdictions and move taxable profits towards more beneficial tax regimes or have the effect of reducing the
  taxpayer’s overall tax bill
  . As a result, Member States often experience considerable reductions in their tax revenues
  which hinder them
  from applying growth-friendly tax policies. It is therefore critical that Member States' tax authorities obtain comprehensive and relevant information about
  potentially aggressive tax
  arrangements. This information would enable those authorities to be able to promptly react against harmful tax practices and to close loopholes through enacting legislation or by undertaking adequate risk assessments and carrying out tax audits.

| (2) | Member States find it increasingly difficult to protect their national tax bases from erosion as
  aggressive and complex
  tax planning structures have evolved to be particularly sophisticated and often take advantage of the increased mobility of both capital and persons within the internal market.
  Those
  structures commonly consist of arrangements which are developed across various jurisdictions and move
  the
  taxable profits
  of corporations and individuals
  towards more beneficial tax regimes or have the effect of reducing the
  fiscal impact on taxpayers
  . As a result, Member States often experience considerable reductions in their tax revenues.
  In addition, the spread of the corporate tax rates within Member States and between Member States is rising, and it is key not to compromise the principle of tax equality. This is hindering Member States
  from applying growth-friendly tax policies. It is therefore critical that Member States' tax authorities obtain comprehensive and relevant information about arrangements
  facilitating tax evasion and tax avoidance
  . This information would enable those authorities to be able to promptly react against harmful tax practices and to close loopholes through enacting legislation or by undertaking adequate risk assessments and carrying out tax audits.
  A lack of reaction from tax authorities on reported schemes should not however be interpreted as implicit clearance by them. Reporting formats should be succinct and user-friendly so that the volume of information that could be generated by this Directive does not inhibit meaningful action on schemes that are being reported. |
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(2)

Member States find it increasingly difficult to protect their national tax bases from erosion as
  aggressive and complex
  tax planning structures have evolved to be particularly sophisticated and often take advantage of the increased mobility of both capital and persons within the internal market.
  Those
  structures commonly consist of arrangements which are developed across various jurisdictions and move
  the
  taxable profits
  of corporations and individuals
  towards more beneficial tax regimes or have the effect of reducing the
  fiscal impact on taxpayers
  . As a result, Member States often experience considerable reductions in their tax revenues.
  In addition, the spread of the corporate tax rates within Member States and between Member States is rising, and it is key not to compromise the principle of tax equality. This is hindering Member States
  from applying growth-friendly tax policies. It is therefore critical that Member States' tax authorities obtain comprehensive and relevant information about arrangements
  facilitating tax evasion and tax avoidance
  . This information would enable those authorities to be able to promptly react against harmful tax practices and to close loopholes through enacting legislation or by undertaking adequate risk assessments and carrying out tax audits.
  A lack of reaction from tax authorities on reported schemes should not however be interpreted as implicit clearance by them. Reporting formats should be succinct and user-friendly so that the volume of information that could be generated by this Directive does not inhibit meaningful action on schemes that are being reported.

Amendment 2

Proposal for a directive

Recital 3

| Text proposed by the Commission | Amendment |
| --- | --- |
| (3) | Considering that most of the potentially aggressive tax planning arrangements span across more than one jurisdiction, the disclosure of information about those arrangements would bring additional positive results where that information was also exchanged amongst Member States. In particular, the automatic exchange of information between tax administrations
  is
  crucial in order to provide these authorities with the necessary information to enable them to take action where they observe aggressive tax practices. |

Text proposed by the Commission

Amendment

(3)

Considering that most of the potentially aggressive tax planning arrangements span across more than one jurisdiction, the disclosure of information about those arrangements would bring additional positive results where that information was also exchanged amongst Member States. In particular, the automatic exchange of information between tax administrations
  is
  crucial in order to provide these authorities with the necessary information to enable them to take action where they observe aggressive tax practices.

| (3) | Considering that most of the potentially aggressive tax planning arrangements span across more than one jurisdiction, the disclosure of information about those arrangements would bring additional positive results where that information was also exchanged amongst Member States. In particular, the automatic exchange of information between tax administrations
  , and ensuring coordination with financial intelligence units dealing with money-laundering and terrorist financing, are
  crucial in order to provide these authorities with the necessary information to enable them to take action where they observe aggressive tax practices.
  However, Member States should be encouraged to establish similar disclosure requirements for arrangements that exist solely in their own jurisdiction. |
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(3)

Considering that most of the potentially aggressive tax planning arrangements span across more than one jurisdiction, the disclosure of information about those arrangements would bring additional positive results where that information was also exchanged amongst Member States. In particular, the automatic exchange of information between tax administrations
  , and ensuring coordination with financial intelligence units dealing with money-laundering and terrorist financing, are
  crucial in order to provide these authorities with the necessary information to enable them to take action where they observe aggressive tax practices.
  However, Member States should be encouraged to establish similar disclosure requirements for arrangements that exist solely in their own jurisdiction.

Amendment 3

Proposal for a directive

Recital 4

| Text proposed by the Commission | Amendment |
| --- | --- |
| (4) | Recognising how a transparent framework for developing business activity could contribute to clamping down on tax avoidance and evasion in the internal market, the Commission has been called on to embark on initiatives on the mandatory disclosure of potentially aggressive tax planning arrangements along the lines of Action 12 of the OECD Base Erosion and Profit Shifting (BEPS). In this context, the European Parliament has called for tougher measures against intermediaries who assist in arrangements that may lead to tax avoidance and evasion. |

Text proposed by the Commission

Amendment

(4)

Recognising how a transparent framework for developing business activity could contribute to clamping down on tax avoidance and evasion in the internal market, the Commission has been called on to embark on initiatives on the mandatory disclosure of potentially aggressive tax planning arrangements along the lines of Action 12 of the OECD Base Erosion and Profit Shifting (BEPS). In this context, the European Parliament has called for tougher measures against intermediaries who assist in arrangements that may lead to tax avoidance and evasion.

| (4) | Recognising how a transparent framework for developing business activity could contribute to clamping down on tax avoidance and evasion in the internal market, the Commission has been called on to embark on initiatives on the mandatory disclosure of potentially aggressive tax planning arrangements along the lines of Action 12 of the OECD Base Erosion and Profit Shifting (BEPS). In this context, the European Parliament has
  demonstrated the crucial role of intermediaries in advising, creating and managing tax schemes and
   called for tougher measures against intermediaries who assist in arrangements that may lead to tax avoidance and evasion. |
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(4)

Recognising how a transparent framework for developing business activity could contribute to clamping down on tax avoidance and evasion in the internal market, the Commission has been called on to embark on initiatives on the mandatory disclosure of potentially aggressive tax planning arrangements along the lines of Action 12 of the OECD Base Erosion and Profit Shifting (BEPS). In this context, the European Parliament has
  demonstrated the crucial role of intermediaries in advising, creating and managing tax schemes and
   called for tougher measures against intermediaries who assist in arrangements that may lead to tax avoidance and evasion.

Amendment 4

Proposal for a directive

Recital 5

| Text proposed by the Commission | Amendment |
| --- | --- |
| (5) | It is necessary to recall how certain financial intermediaries and other providers of tax advice
  seem to
  have actively assisted their clients to conceal money offshore. Furthermore, although the CRS introduced by Council Directive 2014/107/EU (27) is a significant step forward in establishing a tax transparent framework within the Union, at least in terms of financial account information, it can still be improved. |

Text proposed by the Commission

Amendment

(5)

It is necessary to recall how certain financial intermediaries and other providers of tax advice
  seem to
  have actively assisted their clients to conceal money offshore. Furthermore, although the CRS introduced by Council Directive 2014/107/EU (27) is a significant step forward in establishing a tax transparent framework within the Union, at least in terms of financial account information, it can still be improved.

| (5) | It is necessary to recall how certain financial intermediaries and other providers of tax advice
  , and auditors,
  have actively assisted their clients to conceal money offshore. Furthermore, although the CRS introduced by Council Directive 2014/107/EU (27) is a significant step forward in establishing a tax transparent framework within the Union, at least in terms of financial account information, it can still be improved.
  In addition, the capacity of Member States to process the amount of financial account information received should be enhanced accordingly and tax administrations' financial, human and IT resources should be increased, where necessary, and kept at adequate levels. |
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(5)

It is necessary to recall how certain financial intermediaries and other providers of tax advice
  , and auditors,
  have actively assisted their clients to conceal money offshore. Furthermore, although the CRS introduced by Council Directive 2014/107/EU (27) is a significant step forward in establishing a tax transparent framework within the Union, at least in terms of financial account information, it can still be improved.
  In addition, the capacity of Member States to process the amount of financial account information received should be enhanced accordingly and tax administrations' financial, human and IT resources should be increased, where necessary, and kept at adequate levels.

Amendment 5

Proposal for a directive

Recital 6

| Text proposed by the Commission | Amendment |
| --- | --- |
| (6) | The disclosure of potentially aggressive tax planning arrangements of a cross-border dimension can contribute effectively to the efforts for creating an environment of fair taxation in the internal market. In this light, an obligation on intermediaries to inform tax authorities on certain cross-border arrangements that could potentially be used for tax avoidance purposes would constitute a step in the right direction. In order to develop a more comprehensive policy, it would also be significant that as a second step, following disclosure, the tax authorities share information with their peers in other Member States. Such arrangements should also enhance the effectiveness of the CRS. In addition, it would be crucial to grant the Commission access to
  a sufficient amount of
  information so that it can monitor the proper functioning of this Directive. Such access to information by the Commission does not discharge a Member State from its obligations to notify any state aid to the Commission. |

Text proposed by the Commission

Amendment

(6)

The disclosure of potentially aggressive tax planning arrangements of a cross-border dimension can contribute effectively to the efforts for creating an environment of fair taxation in the internal market. In this light, an obligation on intermediaries to inform tax authorities on certain cross-border arrangements that could potentially be used for tax avoidance purposes would constitute a step in the right direction. In order to develop a more comprehensive policy, it would also be significant that as a second step, following disclosure, the tax authorities share information with their peers in other Member States. Such arrangements should also enhance the effectiveness of the CRS. In addition, it would be crucial to grant the Commission access to
  a sufficient amount of
  information so that it can monitor the proper functioning of this Directive. Such access to information by the Commission does not discharge a Member State from its obligations to notify any state aid to the Commission.

| (6) | The disclosure of potentially aggressive tax planning arrangements of a cross-border dimension can contribute effectively to the efforts for creating an environment of fair taxation in the internal market. In this light, an obligation on intermediaries
  , auditors and, where appropriate, taxpayers
  to inform tax authorities on certain cross-border arrangements that could potentially be used for tax avoidance purposes would constitute a 
  necessary
  step in the right direction. In order to develop a more comprehensive policy, it would also be significant that as a second step, following disclosure, the tax authorities
  automatically
  share information with their peers in other Member States. Such arrangements should also enhance the effectiveness of the CRS. In addition, it would be crucial to grant the Commission access to
  relevant
  information so that it can monitor the proper functioning of this Directive
  and carry out its responsibilities under competition policies
  . Such access to information by the Commission does not discharge a Member State from its obligations to notify any state aid to the Commission.
  Finally, in order to enhance legal certainty for intermediaries and taxpayers, the Commission should publish a list of the reported cross-border arrangements that could potentially be used for tax avoidance purposes, without making any reference to the intermediary or taxpayer. |
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(6)

The disclosure of potentially aggressive tax planning arrangements of a cross-border dimension can contribute effectively to the efforts for creating an environment of fair taxation in the internal market. In this light, an obligation on intermediaries
  , auditors and, where appropriate, taxpayers
  to inform tax authorities on certain cross-border arrangements that could potentially be used for tax avoidance purposes would constitute a 
  necessary
  step in the right direction. In order to develop a more comprehensive policy, it would also be significant that as a second step, following disclosure, the tax authorities
  automatically
  share information with their peers in other Member States. Such arrangements should also enhance the effectiveness of the CRS. In addition, it would be crucial to grant the Commission access to
  relevant
  information so that it can monitor the proper functioning of this Directive
  and carry out its responsibilities under competition policies
  . Such access to information by the Commission does not discharge a Member State from its obligations to notify any state aid to the Commission.
  Finally, in order to enhance legal certainty for intermediaries and taxpayers, the Commission should publish a list of the reported cross-border arrangements that could potentially be used for tax avoidance purposes, without making any reference to the intermediary or taxpayer.

Amendment 7

Proposal for a directive

Recital 7

| Text proposed by the Commission | Amendment |
| --- | --- |
| (7) | It is acknowledged that the disclosure of potentially aggressive cross-border tax planning arrangements would stand a better chance of achieving its envisaged deterrent effect where the relevant information reached the tax authorities at an early stage, in other words before the disclosed arrangements are actually implemented. Where the disclosure obligation is shifted to taxpayers, it would be practical to place the obligation to disclose those potentially aggressive cross-border tax planning arrangements at a slightly later stage
  , as taxpayers may not be aware of the nature of the arrangements at the time of the inception.
  To facilitate Member States' administrations, the subsequent automatic exchange of information on these arrangements could take place every quarter. |

Text proposed by the Commission

Amendment

(7)

It is acknowledged that the disclosure of potentially aggressive cross-border tax planning arrangements would stand a better chance of achieving its envisaged deterrent effect where the relevant information reached the tax authorities at an early stage, in other words before the disclosed arrangements are actually implemented. Where the disclosure obligation is shifted to taxpayers, it would be practical to place the obligation to disclose those potentially aggressive cross-border tax planning arrangements at a slightly later stage
  , as taxpayers may not be aware of the nature of the arrangements at the time of the inception.
  To facilitate Member States' administrations, the subsequent automatic exchange of information on these arrangements could take place every quarter.

| (7) | It is acknowledged that the disclosure of potentially aggressive cross-border tax planning arrangements would stand a better chance of achieving its envisaged deterrent effect where the relevant information reached the tax authorities at an early stage, in other words before the disclosed arrangements are actually implemented
  . In addition, appropriate penalties should be imposed to prevent and suppress those arrangements
  . Where the disclosure obligation is shifted to taxpayers, it would be practical to place the obligation to disclose those potentially aggressive cross-border tax planning arrangements at a slightly later stage. To facilitate Member States' administrations, the subsequent automatic exchange of information on these arrangements could take place every quarter. |
| --- | --- |

(7)

It is acknowledged that the disclosure of potentially aggressive cross-border tax planning arrangements would stand a better chance of achieving its envisaged deterrent effect where the relevant information reached the tax authorities at an early stage, in other words before the disclosed arrangements are actually implemented
  . In addition, appropriate penalties should be imposed to prevent and suppress those arrangements
  . Where the disclosure obligation is shifted to taxpayers, it would be practical to place the obligation to disclose those potentially aggressive cross-border tax planning arrangements at a slightly later stage. To facilitate Member States' administrations, the subsequent automatic exchange of information on these arrangements could take place every quarter.

Amendment 8

Proposal for a directive

Recital 9 a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | (9a) | The constantly growing role and importance of intellectual property rights in the business models and tax structures of large corporations further underline the urgency of a better exchange of information on tax avoidance arrangements, given the various easy options that the use of intellectual property rights give for the artificial transfer of profits. |

Text proposed by the Commission

Amendment

(9a)

The constantly growing role and importance of intellectual property rights in the business models and tax structures of large corporations further underline the urgency of a better exchange of information on tax avoidance arrangements, given the various easy options that the use of intellectual property rights give for the artificial transfer of profits.

Amendment 9

Proposal for a directive

Recital 9 b (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | (9b) | The lack of comprehensive, public country-by-country reporting on relevant financial figures of major multinational enterprises has contributed to the poor reliability of aggregated data on offshore structures, highlighted by the fact that many of the recent high-profile tax avoidance structures are not visible in the current commercial corporate financial account databases. Those statistical gaps hinder the attempts of tax authorities to conduct risk assessments on risk jurisdictions and underline the need for a greater exchange of information on tax planning structures. |

Text proposed by the Commission

Amendment

(9b)

The lack of comprehensive, public country-by-country reporting on relevant financial figures of major multinational enterprises has contributed to the poor reliability of aggregated data on offshore structures, highlighted by the fact that many of the recent high-profile tax avoidance structures are not visible in the current commercial corporate financial account databases. Those statistical gaps hinder the attempts of tax authorities to conduct risk assessments on risk jurisdictions and underline the need for a greater exchange of information on tax planning structures.

Amendment 10

Proposal for a directive

Recital 10

| Text proposed by the Commission | Amendment |
| --- | --- |
| (10) | Given that the primary objective of such legislation should focus on ensuring the proper functioning of the internal market, it would be critical not to regulate at the level of the Union beyond what is necessary to achieve the envisaged aims. This is why it would be necessary to limit any common rules on disclosure to cross-border situations, namely situations in either more than one Member State or a Member State and a third country. In such circumstances, due to the potential impact on the functioning of the internal market, one
  can justify
  the need for enacting a common set of rules, rather than leaving the matter to be dealt with at the national level. |

Text proposed by the Commission

Amendment

(10)

Given that the primary objective of such legislation should focus on ensuring the proper functioning of the internal market, it would be critical not to regulate at the level of the Union beyond what is necessary to achieve the envisaged aims. This is why it would be necessary to limit any common rules on disclosure to cross-border situations, namely situations in either more than one Member State or a Member State and a third country. In such circumstances, due to the potential impact on the functioning of the internal market, one
  can justify
  the need for enacting a common set of rules, rather than leaving the matter to be dealt with at the national level.

| (10) | Given that the primary objective of such legislation should focus on ensuring the proper functioning of the internal market
  and limiting tax evasion and tax avoidance
  , it would be critical not to regulate at the level of the Union beyond what is necessary to achieve the envisaged aims. This is why it would be necessary to limit any common rules on disclosure to cross-border situations, namely situations in either more than one Member State or a Member State and a third country. In such circumstances, due to the potential impact on the functioning of the internal market, one
  justifies
  the need for enacting a common set of rules, rather than leaving the matter to be dealt with at the national level.
  If a Member State implements further national reporting measures of a similar nature, the additional information collected should be shared with other Member States if relevant. |
| --- | --- |

(10)

Given that the primary objective of such legislation should focus on ensuring the proper functioning of the internal market
  and limiting tax evasion and tax avoidance
  , it would be critical not to regulate at the level of the Union beyond what is necessary to achieve the envisaged aims. This is why it would be necessary to limit any common rules on disclosure to cross-border situations, namely situations in either more than one Member State or a Member State and a third country. In such circumstances, due to the potential impact on the functioning of the internal market, one
  justifies
  the need for enacting a common set of rules, rather than leaving the matter to be dealt with at the national level.
  If a Member State implements further national reporting measures of a similar nature, the additional information collected should be shared with other Member States if relevant.

Amendment 12

Proposal for a directive

Recital 11 a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | (11a) | Since all Member States might not have an incentive to design and implement effective penalties and in order to ensure the consistent implementation of this Directive across Member States, the exchange of information between tax authorities regarding the imposition of penalties and situations where the Member State has refrained from imposing penalties should also be automatic. |

Text proposed by the Commission

Amendment

(11a)

Since all Member States might not have an incentive to design and implement effective penalties and in order to ensure the consistent implementation of this Directive across Member States, the exchange of information between tax authorities regarding the imposition of penalties and situations where the Member State has refrained from imposing penalties should also be automatic.

Amendment 13

Proposal for a directive

Recital 13

| Text proposed by the Commission | Amendment |
| --- | --- |
| (13) | In order to improve the prospects for effectiveness of this Directive, Member States should lay down penalties against the violation of national rules that implement this Directive and ensure that these penalties actually apply in practice, that they are proportionate and
  have a
  dissuasive
  effect
  . |

Text proposed by the Commission

Amendment

(13)

In order to improve the prospects for effectiveness of this Directive, Member States should lay down penalties against the violation of national rules that implement this Directive and ensure that these penalties actually apply in practice, that they are proportionate and
  have a
  dissuasive
  effect
  .

| (13) | In order to improve the prospects for effectiveness of this Directive, Member States should lay down penalties against the violation of national rules that implement this Directive and ensure that these penalties
  , including financial penalties,
  actually apply
  promptly
  in practice, that they are
  effective,
  proportionate and dissuasive.
  Member States should submit to the Commission and make publicly available a list of intermediaries and taxpayers on whom penalties have been imposed under this Directive, including names, nationalities and residences. |
| --- | --- |

(13)

In order to improve the prospects for effectiveness of this Directive, Member States should lay down penalties against the violation of national rules that implement this Directive and ensure that these penalties
  , including financial penalties,
  actually apply
  promptly
  in practice, that they are
  effective,
  proportionate and dissuasive.
  Member States should submit to the Commission and make publicly available a list of intermediaries and taxpayers on whom penalties have been imposed under this Directive, including names, nationalities and residences.

Amendment 14

Proposal for a directive

Recital 14

| Text proposed by the Commission | Amendment |
| --- | --- |
| (14) | In order to supplement or amend certain non-essential elements of this Directive, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in connection with updating the hallmarks
  in order to include in
  the list of hallmarks
  potentially
  aggressive tax planning
  arrangements or series of arrangements in response to updated information on those arrangements or series of arrangements which is derived from the mandatory disclosure of such arrangements
  . |

Text proposed by the Commission

Amendment

(14)

In order to supplement or amend certain non-essential elements of this Directive, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in connection with updating the hallmarks
  in order to include in
  the list of hallmarks
  potentially
  aggressive tax planning
  arrangements or series of arrangements in response to updated information on those arrangements or series of arrangements which is derived from the mandatory disclosure of such arrangements
  .

| (14) | In order to supplement or amend certain non-essential elements of this Directive, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in connection with updating the hallmarks
  . Every two years, the Commission should publish a draft update of
  the list of hallmarks
  that define
  aggressive tax planning
  to include any new or modified tax evasion and tax avoidance arrangements that will have been identified since the previous update was published and should be brought into force within four months of the publication of the draft update
  . |
| --- | --- |

(14)

In order to supplement or amend certain non-essential elements of this Directive, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in connection with updating the hallmarks
  . Every two years, the Commission should publish a draft update of
  the list of hallmarks
  that define
  aggressive tax planning
  to include any new or modified tax evasion and tax avoidance arrangements that will have been identified since the previous update was published and should be brought into force within four months of the publication of the draft update
  .

Amendment 15

Proposal for a directive

Recital 15 a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | (15a) | In order to ensure the uniform use and interpretation of hallmarks, the Commission should regularly monitor the activities of tax authorities, in accordance with this Directive. |

Text proposed by the Commission

Amendment

(15a)

In order to ensure the uniform use and interpretation of hallmarks, the Commission should regularly monitor the activities of tax authorities, in accordance with this Directive.

Amendment 16

Proposal for a directive

Recital 18

| Text proposed by the Commission | Amendment |
| --- | --- |
| (18) | Since the
  objective
  of this Directive, namely to improve the functioning of the internal market through discouraging the use of cross-border aggressive tax planning arrangements, cannot sufficiently be achieved by the Member States acting individually in an uncoordinated fashion but can rather be better achieved at Union level by reason of the fact that it targets schemes which are developed to potentially take advantage of market inefficiencies that originate in the interaction amongst disparate national tax rules, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on
  the
  European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive does not go beyond what is necessary in order to achieve
  that objective
  , especially considering that it is limited to arrangements of a cross-border dimension of either more than one Member State or a Member State and a third country. |

Text proposed by the Commission

Amendment

(18)

Since the
  objective
  of this Directive, namely to improve the functioning of the internal market through discouraging the use of cross-border aggressive tax planning arrangements, cannot sufficiently be achieved by the Member States acting individually in an uncoordinated fashion but can rather be better achieved at Union level by reason of the fact that it targets schemes which are developed to potentially take advantage of market inefficiencies that originate in the interaction amongst disparate national tax rules, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on
  the
  European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive does not go beyond what is necessary in order to achieve
  that objective
  , especially considering that it is limited to arrangements of a cross-border dimension of either more than one Member State or a Member State and a third country.

| (18) | Since the
  objectives
  of this Directive, namely
  to significantly limit the catastrophic consequences of tax evasion and tax avoidance on the public accounts and
  to improve the functioning of the internal market through discouraging the use of cross-border aggressive tax planning arrangements, cannot sufficiently be achieved by the Member States acting individually in an uncoordinated fashion but can rather be better achieved at Union level by reason of the fact that it targets schemes which are developed to potentially take advantage of market inefficiencies that originate in the interaction amongst disparate national tax rules, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive does not go beyond what is necessary in order to achieve
  those objectives
  , especially considering that it is limited to arrangements of a cross-border dimension of either more than one Member State or a Member State and a third country. |
| --- | --- |

(18)

Since the
  objectives
  of this Directive, namely
  to significantly limit the catastrophic consequences of tax evasion and tax avoidance on the public accounts and
  to improve the functioning of the internal market through discouraging the use of cross-border aggressive tax planning arrangements, cannot sufficiently be achieved by the Member States acting individually in an uncoordinated fashion but can rather be better achieved at Union level by reason of the fact that it targets schemes which are developed to potentially take advantage of market inefficiencies that originate in the interaction amongst disparate national tax rules, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive does not go beyond what is necessary in order to achieve
  those objectives
  , especially considering that it is limited to arrangements of a cross-border dimension of either more than one Member State or a Member State and a third country.

Amendment 17

Proposal for a directive

Article 1 — paragraph 1 — point 1 — point b

Directive 2011/16/EU

Article 3 — point 18 — point c

| Text proposed by the Commission | Amendment |
| --- | --- |
| (c) | one or more of the parties to the arrangement or series of arrangements carries on a business in another jurisdiction through a permanent establishment situated in that jurisdiction and the arrangement or series of arrangements forms part or the whole of the business of that permanent establishment; |

Text proposed by the Commission

Amendment

(c)

one or more of the parties to the arrangement or series of arrangements carries on a business in another jurisdiction through a permanent establishment situated in that jurisdiction and the arrangement or series of arrangements forms part or the whole of the business of that permanent establishment;

| (c) | one or more of the parties to the arrangement or series of arrangements carries on a business
  activity
  in another jurisdiction through a permanent establishment
  or a controlled foreign company of any kind
  situated in that jurisdiction and the arrangement or series of arrangements forms part or the whole of the business of that permanent establishment; |
| --- | --- |

(c)

one or more of the parties to the arrangement or series of arrangements carries on a business
  activity
  in another jurisdiction through a permanent establishment
  or a controlled foreign company of any kind
  situated in that jurisdiction and the arrangement or series of arrangements forms part or the whole of the business of that permanent establishment;

Amendment 18

Proposal for a directive

Article 1 — paragraph 1 — point 1 — point b

Directive 2011/16/EU

Article 3 — point 18 — point d

| Text proposed by the Commission | Amendment |
| --- | --- |
| (d) | one or more of the parties to the arrangement or series of arrangements carries on a business in another jurisdiction
  through a permanent establishment which is not situated
  in that jurisdiction
  and the arrangement or series of arrangements forms part or the whole of the business of that permanent establishment
  ; |

Text proposed by the Commission

Amendment

(d)

one or more of the parties to the arrangement or series of arrangements carries on a business in another jurisdiction
  through a permanent establishment which is not situated
  in that jurisdiction
  and the arrangement or series of arrangements forms part or the whole of the business of that permanent establishment
  ;

| (d) | one or more of the parties to the arrangement or series of arrangements carries on a business
  activity
  in another jurisdiction
  without creating a taxable presence
  in that jurisdiction; |
| --- | --- |

(d)

one or more of the parties to the arrangement or series of arrangements carries on a business
  activity
  in another jurisdiction
  without creating a taxable presence
  in that jurisdiction;

Amendment 19

Proposal for a directive

Article 1 — paragraph 1 — point 1 — point b

Directive 2011/16/EU

Article 3 — point 20

| Text proposed by the Commission | Amendment |
| --- | --- |
| 20. | ‘hallmark’ means
  a typical characteristic or feature of
  an arrangement or series of arrangements which is listed in Annex IV. |

Text proposed by the Commission

Amendment

20.

‘hallmark’ means
  a typical characteristic or feature of
  an arrangement or series of arrangements which is listed in Annex IV.

| 20. | ‘hallmark’ means an arrangement or series of arrangements which is listed in Annex IV. |
| --- | --- |

20.

‘hallmark’ means an arrangement or series of arrangements which is listed in Annex IV.

Amendment 20

Proposal for a directive

Article 1 — paragraph 1 — point 1 — point b

Directive 2011/16/EU

Article 3 — point 23 — point c a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | (ca) | a taxpayer is the beneficial owner of another taxpayer within the meaning of Directive (EU) 2015/849. |

Text proposed by the Commission

Amendment

(ca)

a taxpayer is the beneficial owner of another taxpayer within the meaning of Directive (EU) 2015/849.

Amendment 21

Proposal for a directive

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 1 a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | 1a.
     
  While conducting statutory audits of statements of their clients, auditors shall be subject to identification and disclosure obligations regarding potential breaches by the audited entity, or its intermediaries, of the identification and disclosure obligations set out in this Article of which the auditor has become aware. Each Member State shall take the necessary measures to require auditors to file information with the competent authorities on such breaches within 10 working days, beginning on the day after the publication of their audit reports. |

Text proposed by the Commission

Amendment

1a.
     
  While conducting statutory audits of statements of their clients, auditors shall be subject to identification and disclosure obligations regarding potential breaches by the audited entity, or its intermediaries, of the identification and disclosure obligations set out in this Article of which the auditor has become aware. Each Member State shall take the necessary measures to require auditors to file information with the competent authorities on such breaches within 10 working days, beginning on the day after the publication of their audit reports.

Amendment 22

Amendment 22

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 2 — subparagraph 1

| Text proposed by the Commission | Amendment |
| --- | --- |
| 2.   Each Member State
  shall
  take the necessary measures to give intermediaries the right to a waiver from filing information on a reportable cross-border arrangement or series of such arrangements where they are entitled to a legal professional privilege under the national law of that Member State. In such circumstances, the obligation to file information on such an arrangement or series of arrangements shall be the responsibility of the taxpayer and intermediaries shall inform taxpayers of this responsibility due to the privilege. | 2.   Each Member State
  may, where appropriate,
  take the necessary measures to give intermediaries the right to a waiver from filing information on a reportable cross-border arrangement or series of such arrangements where they are entitled to a legal professional privilege under the national law of that Member State. In such circumstances, the obligation to file information on such an arrangement or series of arrangements shall be the responsibility of the taxpayer and intermediaries shall inform
  in writing
  taxpayers of this responsibility due to the privilege,
  keeping an acknowledgment of receipt signed by the taxpayer. The taxpayer shall report the information on the reportable cross-border arrangement or series of arrangements to the competent authorities within 10 working days. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

2.   Each Member State
  shall
  take the necessary measures to give intermediaries the right to a waiver from filing information on a reportable cross-border arrangement or series of such arrangements where they are entitled to a legal professional privilege under the national law of that Member State. In such circumstances, the obligation to file information on such an arrangement or series of arrangements shall be the responsibility of the taxpayer and intermediaries shall inform taxpayers of this responsibility due to the privilege.

2.   Each Member State
  may, where appropriate,
  take the necessary measures to give intermediaries the right to a waiver from filing information on a reportable cross-border arrangement or series of such arrangements where they are entitled to a legal professional privilege under the national law of that Member State. In such circumstances, the obligation to file information on such an arrangement or series of arrangements shall be the responsibility of the taxpayer and intermediaries shall inform
  in writing
  taxpayers of this responsibility due to the privilege,
  keeping an acknowledgment of receipt signed by the taxpayer. The taxpayer shall report the information on the reportable cross-border arrangement or series of arrangements to the competent authorities within 10 working days.

Amendment 23

Amendment 23

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 4

| Text proposed by the Commission | Amendment |
| --- | --- |
| 4.   Each Member State shall take the necessary measures to require intermediaries and taxpayers to file information on reportable cross-border arrangements that
  were implemented between [date of political agreement] and 31 December 2018. Intermediaries and taxpayers, as appropriate, shall file information on those reportable cross-border arrangements by 31 March 2019. | 4.   Each Member State shall take the necessary measures to require intermediaries
  , auditors
  and taxpayers to file information on reportable cross-border arrangements that
  are active on ... [date of entry into force of this Directive] and those that will enter into force thereafter. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

4.   Each Member State shall take the necessary measures to require intermediaries and taxpayers to file information on reportable cross-border arrangements that
  were implemented between [date of political agreement] and 31 December 2018. Intermediaries and taxpayers, as appropriate, shall file information on those reportable cross-border arrangements by 31 March 2019.

4.   Each Member State shall take the necessary measures to require intermediaries
  , auditors
  and taxpayers to file information on reportable cross-border arrangements that
  are active on ... [date of entry into force of this Directive] and those that will enter into force thereafter.

Amendment 24

Amendment 24

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 4 a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | 4a.
     
  Each Member State shall take the measures necessary to assess the tax arrangements disclosed through the exchange of information provided for by this Directive, as well as make available to their tax authorities the resources required. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

4a.
     
  Each Member State shall take the measures necessary to assess the tax arrangements disclosed through the exchange of information provided for by this Directive, as well as make available to their tax authorities the resources required.

Amendment 25

Amendment 25

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 6 — point a

| Text proposed by the Commission | Amendment |
| --- | --- |
| (a) | the identification of intermediaries and taxpayers, including their name, residence for tax purposes, and taxpayer identification number (TIN) and, where appropriate, the persons who are associated enterprises to the intermediary or taxpayer; |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

(a)

the identification of intermediaries and taxpayers, including their name, residence for tax purposes, and taxpayer identification number (TIN) and, where appropriate, the persons who are associated enterprises to the intermediary or taxpayer;

| (a) | the identification of intermediaries
  or, where applicable, auditors
  and taxpayers, including their name,
  nationality,
  residence for tax purposes, and taxpayer identification number (TIN) and, where appropriate, the persons who are associated enterprises to the intermediary or taxpayer; |
| --- | --- |

(a)

the identification of intermediaries
  or, where applicable, auditors
  and taxpayers, including their name,
  nationality,
  residence for tax purposes, and taxpayer identification number (TIN) and, where appropriate, the persons who are associated enterprises to the intermediary or taxpayer;

or, where applicable, auditors

nationality,

Amendment 26

Amendment 26

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 6 — point c

| Text proposed by the Commission | Amendment |
| --- | --- |
| (c) | a summary of the content of the reportable cross-border arrangement or series of such arrangements, including a reference to the name by which they are commonly known, if any, and a description in abstract terms of the relevant business activities or arrangements, without leading to the disclosure of
  a commercial
  , industrial or professional secret
  or of a commercial process,
  or of information whose disclosure would be contrary to public policy; |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

(c)

a summary of the content of the reportable cross-border arrangement or series of such arrangements, including a reference to the name by which they are commonly known, if any, and a description in abstract terms of the relevant business activities or arrangements, without leading to the disclosure of
  a commercial
  , industrial or professional secret
  or of a commercial process,
  or of information whose disclosure would be contrary to public policy;

a commercial

or of a commercial process,

| (c) | a summary of the content of the reportable cross-border arrangement or series of such arrangements, including a reference to the name by which they are commonly known, if any, and a description in abstract terms of the relevant business activities or arrangements, without leading to the disclosure of
  intellectual property
  , industrial or professional secret, or of information whose disclosure would be contrary to public policy; |
| --- | --- |

(c)

a summary of the content of the reportable cross-border arrangement or series of such arrangements, including a reference to the name by which they are commonly known, if any, and a description in abstract terms of the relevant business activities or arrangements, without leading to the disclosure of
  intellectual property
  , industrial or professional secret, or of information whose disclosure would be contrary to public policy;

intellectual property

Amendment 27

Amendment 27

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 6 — point d

| Text proposed by the Commission | Amendment |
| --- | --- |
| (d) | the date
  that
  the implementation of the reportable cross-border arrangement or of the first step in a series of such arrangements
  is to start or started
  ; |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

(d)

the date
  that
  the implementation of the reportable cross-border arrangement or of the first step in a series of such arrangements
  is to start or started
  ;

that

is to start or started

| (d) | the
  starting
  date
  of
  the implementation of the reportable cross-border arrangement or of the first step in a series of such arrangements; |
| --- | --- |

(d)

the
  starting
  date
  of
  the implementation of the reportable cross-border arrangement or of the first step in a series of such arrangements;

starting

of

Amendment 28

Amendment 28

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 6 — point e

| Text proposed by the Commission | Amendment |
| --- | --- |
| (e) | details of the national tax provisions
  the application of which creates a tax advantage
  , if applicable; |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

(e)

details of the national tax provisions
  the application of which creates a tax advantage
  , if applicable;

the application of which creates a tax advantage

| (e) | details of the national tax provisions
  forming the basis for the reportable arrangements or series of arrangements
  , if applicable; |
| --- | --- |

(e)

details of the national tax provisions
  forming the basis for the reportable arrangements or series of arrangements
  , if applicable;

forming the basis for the reportable arrangements or series of arrangements

Amendment 29

Amendment 29

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 6 — point h

| Text proposed by the Commission | Amendment |
| --- | --- |
| (h) | the identification of any person in the other Member States, if any, likely to be affected by the reportable cross-border arrangement or series of such arrangements indicating to which Member States the affected intermediaries or taxpayers are linked. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

(h)

the identification of any person in the other Member States, if any, likely to be affected by the reportable cross-border arrangement or series of such arrangements indicating to which Member States the affected intermediaries or taxpayers are linked.

| (h) | the identification of any person in the other Member States, if any, likely to be affected by the reportable cross-border arrangement or series of such arrangements indicating to which Member States the affected intermediaries
  , auditors
  or taxpayers are linked. |
| --- | --- |

(h)

the identification of any person in the other Member States, if any, likely to be affected by the reportable cross-border arrangement or series of such arrangements indicating to which Member States the affected intermediaries
  , auditors
  or taxpayers are linked.

, auditors

Amendment 30

Amendment 30

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 7

| Text proposed by the Commission | Amendment |
| --- | --- |
| 7.   To facilitate the exchange of information referred to in paragraph 5 of this Article, the Commission shall adopt the practical arrangements necessary for the implementation of this Article, including measures to standardise the communication of the information set out in paragraph 6 of this Article, as part of the procedure for establishing the standard form provided for in Article 20(5). | 7.   To facilitate the exchange of information referred to in paragraph 5 of this Article, the Commission shall adopt the practical arrangements
  , and provide sufficient resources,
  necessary for the implementation of this Article, including measures to standardise the communication of the information set out in paragraph 6 of this Article, as part of the procedure for establishing the standard form provided for in Article 20(5). |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

7.   To facilitate the exchange of information referred to in paragraph 5 of this Article, the Commission shall adopt the practical arrangements necessary for the implementation of this Article, including measures to standardise the communication of the information set out in paragraph 6 of this Article, as part of the procedure for establishing the standard form provided for in Article 20(5).

7.   To facilitate the exchange of information referred to in paragraph 5 of this Article, the Commission shall adopt the practical arrangements
  , and provide sufficient resources,
  necessary for the implementation of this Article, including measures to standardise the communication of the information set out in paragraph 6 of this Article, as part of the procedure for establishing the standard form provided for in Article 20(5).

Amendment 31

Amendment 31

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 2

Article 1 — paragraph 1 — point 2

Directive 2011/16/EU

Article 8aaa — paragraph 8

| Text proposed by the Commission | Amendment |
| --- | --- |
| 8.   The Commission shall
  not
  have access to information referred to in points
  (a)
  , (c)
  and (h)
  of paragraph 6. | 8.   The Commission shall have access to information referred to in points
  (b)
  , (c)
  , (d), (e), (f) and (g)
  of paragraph 6. W
  ithout making any reference to the respective intermediary or taxpayer, the Commission shall make publicly available a list of the reported cross-border arrangements. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

8.   The Commission shall
  not
  have access to information referred to in points
  (a)
  , (c)
  and (h)
  of paragraph 6.

8.   The Commission shall have access to information referred to in points
  (b)
  , (c)
  , (d), (e), (f) and (g)
  of paragraph 6. W
  ithout making any reference to the respective intermediary or taxpayer, the Commission shall make publicly available a list of the reported cross-border arrangements.

Amendment 32

Amendment 32

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 4

Article 1 — paragraph 1 — point 4

Directive 2011/16/EU

Article 21 — paragraph 5 — subparagraph 1

| Text proposed by the Commission | Amendment |
| --- | --- |
| The Commission shall by 31 December 2017 develop and provide with technical and logistical support a secure
  Member State
  central directory on administrative cooperation in the field of taxation where information to be communicated in the framework of paragraphs 1 and 2 of Article 8a shall be recorded in order to satisfy the automatic exchange provided for in those paragraphs. | The Commission shall by 31 December 2017 develop and provide with technical and logistical support a secure central directory on administrative cooperation in the field of taxation
  , with access limited to the Member States and the Commission,
  where information to be communicated in the framework of paragraphs 1 and 2 of Article 8a shall be recorded in order to satisfy the automatic exchange provided for in those paragraphs. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

The Commission shall by 31 December 2017 develop and provide with technical and logistical support a secure
  Member State
  central directory on administrative cooperation in the field of taxation where information to be communicated in the framework of paragraphs 1 and 2 of Article 8a shall be recorded in order to satisfy the automatic exchange provided for in those paragraphs.

Member State

The Commission shall by 31 December 2017 develop and provide with technical and logistical support a secure central directory on administrative cooperation in the field of taxation
  , with access limited to the Member States and the Commission,
  where information to be communicated in the framework of paragraphs 1 and 2 of Article 8a shall be recorded in order to satisfy the automatic exchange provided for in those paragraphs.

, with access limited to the Member States and the Commission,

Amendment 33

Amendment 33

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 4

Article 1 — paragraph 1 — point 4

Directive 2011/16/EU

Article 21 — paragraph 5 — subparagraph 2

| Text proposed by the Commission | Amendment |
| --- | --- |
| The Commission shall by 31 December 2018 develop and provide with technical and logistical support a secure
  Member State
  central directory on administrative cooperation in the field of taxation where information to be communicated in the framework
  of paragraphs 5, 6 and 7
  of Article 8aaa shall be recorded in order to satisfy the automatic exchange provided for in
  those paragraphs
  . | The Commission shall by 31 December 2018 develop and provide with technical and logistical support a secure central directory on administrative cooperation in the field of taxation
  with access limited to the Member States and the Commission,
  where information to be communicated in the framework of Article 8aaa shall be recorded in order to satisfy the automatic exchange provided for in
  that Article
  .
  Additionally, information exchanged under the automatic exchange provided for in Articles 8, 8a and 8aa, shall also be accessible through the central directory, with access limited to the Member States and the Commission. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

The Commission shall by 31 December 2018 develop and provide with technical and logistical support a secure
  Member State
  central directory on administrative cooperation in the field of taxation where information to be communicated in the framework
  of paragraphs 5, 6 and 7
  of Article 8aaa shall be recorded in order to satisfy the automatic exchange provided for in
  those paragraphs
  .

Member State

of paragraphs 5, 6 and 7

those paragraphs

The Commission shall by 31 December 2018 develop and provide with technical and logistical support a secure central directory on administrative cooperation in the field of taxation
  with access limited to the Member States and the Commission,
  where information to be communicated in the framework of Article 8aaa shall be recorded in order to satisfy the automatic exchange provided for in
  that Article
  .
  Additionally, information exchanged under the automatic exchange provided for in Articles 8, 8a and 8aa, shall also be accessible through the central directory, with access limited to the Member States and the Commission.

with access limited to the Member States and the Commission,

that Article

Additionally, information exchanged under the automatic exchange provided for in Articles 8, 8a and 8aa, shall also be accessible through the central directory, with access limited to the Member States and the Commission.

Amendment 34

Amendment 34

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 4

Article 1 — paragraph 1 — point 4

Directive 2011/16/EU

Article 21 — paragraph 5 — subparagraph 3

| Text proposed by the Commission | Amendment |
| --- | --- |
| The competent authorities of all Member States shall have access to the information recorded in that directory
  . The Commission shall also have access to the information recorded in that directory, however within the limitations set out in Articles 8a(8) and 8aaa(8)
  . The necessary practical arrangements shall be adopted by the Commission in accordance with the procedure referred to in Article 26(2). | The competent authorities of all Member States
  and the Commission
  shall have access to the information recorded in that directory. The necessary practical arrangements shall be adopted by the Commission in accordance with the procedure referred to in Article 26(2). |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

The competent authorities of all Member States shall have access to the information recorded in that directory
  . The Commission shall also have access to the information recorded in that directory, however within the limitations set out in Articles 8a(8) and 8aaa(8)
  . The necessary practical arrangements shall be adopted by the Commission in accordance with the procedure referred to in Article 26(2).

. The Commission shall also have access to the information recorded in that directory, however within the limitations set out in Articles 8a(8) and 8aaa(8)

The competent authorities of all Member States
  and the Commission
  shall have access to the information recorded in that directory. The necessary practical arrangements shall be adopted by the Commission in accordance with the procedure referred to in Article 26(2).

and the Commission

Amendment 35

Amendment 35

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 5

Article 1 — paragraph 1 — point 5

Directive 2011/16/EU

Article 23 — paragraph 3

| Text proposed by the Commission | Amendment |
| --- | --- |
| 3.   Member States shall communicate to the Commission a yearly assessment of the effectiveness of the automatic exchange of information referred to in Articles 8, 8a, 8aa and 8aaa
  as well as the practical results achieved
  . The Commission shall, by means of implementing acts, adopt the form and the conditions of communication for that yearly assessment. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 26(2).. | 3.   Member States shall communicate to the Commission a yearly assessment of the effectiveness of the automatic exchange of information referred to in Articles 8, 8a, 8aa and 8aaa
  ; the quality and quantity of information exchanged; and the legislative changes proposed or implemented based on the loopholes in the regulatory framework revealed by this information
  . The Commission shall, by means of implementing acts, adopt the form and the conditions of communication for that yearly assessment. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 26(2).
  Based on those assessments the Commission shall put forward legislative proposals to close loopholes in existing law
  . |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

3.   Member States shall communicate to the Commission a yearly assessment of the effectiveness of the automatic exchange of information referred to in Articles 8, 8a, 8aa and 8aaa
  as well as the practical results achieved
  . The Commission shall, by means of implementing acts, adopt the form and the conditions of communication for that yearly assessment. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 26(2)..

3.   Member States shall communicate to the Commission a yearly assessment of the effectiveness of the automatic exchange of information referred to in Articles 8, 8a, 8aa and 8aaa
  ; the quality and quantity of information exchanged; and the legislative changes proposed or implemented based on the loopholes in the regulatory framework revealed by this information
  . The Commission shall, by means of implementing acts, adopt the form and the conditions of communication for that yearly assessment. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 26(2).
  Based on those assessments the Commission shall put forward legislative proposals to close loopholes in existing law
  .

Amendment 36

Amendment 36

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 5 a (new)

Article 1 — paragraph 1 — point 5 a (new)

Directive 2011/16/EU

Article 23 — paragraph 3 a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | (5a) | in Article 23, the following paragraph is inserted:




  ‘3a.
     
  Member States shall communicate to the Commission the number of arrangements or series of arrangements disclosed, as classified in Annex IV, together with a description of such arrangements, the nationalities of taxpayers benefiting from such arrangements and the number and the extent of penalties imposed on intermediaries or taxpayers disclosing such arrangements. The Commission shall produce a yearly public report containing that information.’. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

(5a)

(5a)

in Article 23, the following paragraph is inserted:

‘3a.
     
  Member States shall communicate to the Commission the number of arrangements or series of arrangements disclosed, as classified in Annex IV, together with a description of such arrangements, the nationalities of taxpayers benefiting from such arrangements and the number and the extent of penalties imposed on intermediaries or taxpayers disclosing such arrangements. The Commission shall produce a yearly public report containing that information.’.

Amendment 37

Amendment 37

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 5 b (new)

Article 1 — paragraph 1 — point 5 b (new)

Directive 2011/16/EU

Article 23 — paragraph 3 b (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | (5b) | in Article 23, the following paragraph is inserted:




  ‘3b.
     
  Each year, Member States shall submit to the Commission a list of the cross-border arrangements that are regarded by the relevant tax authority as being compliant with this Directive.’. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

(5b)

(5b)

in Article 23, the following paragraph is inserted:

‘3b.
     
  Each year, Member States shall submit to the Commission a list of the cross-border arrangements that are regarded by the relevant tax authority as being compliant with this Directive.’.

Amendment 38

Amendment 38

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 6

Article 1 — paragraph 1 — point 6

Directive 2011/16/EU

Article 23aa — paragraph 1

| Text proposed by the Commission | Amendment |
| --- | --- |
| The Commission shall be empowered to adopt delegated acts in accordance with Article 26a to amend Annex IV, in order to include in the list of hallmarks potentially aggressive tax planning arrangements or series of arrangements in response to updated information on those arrangements or series of arrangements which is derived from the mandatory disclosure of such arrangements.. | The Commission shall be empowered to adopt delegated acts in accordance with Article 26a to amend Annex IV, in order to include in the list of hallmarks potentially aggressive tax planning arrangements or series of arrangements in response to updated information on those arrangements or series of arrangements, which is derived from the mandatory disclosure of such arrangements.
  It shall do so every two years acting on the basis of the information that will be available regarding new or modified tax evasion and tax avoidance arrangements, publishing its new criteria in draft form four months prior to bringing them into force
  . |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

The Commission shall be empowered to adopt delegated acts in accordance with Article 26a to amend Annex IV, in order to include in the list of hallmarks potentially aggressive tax planning arrangements or series of arrangements in response to updated information on those arrangements or series of arrangements which is derived from the mandatory disclosure of such arrangements..

The Commission shall be empowered to adopt delegated acts in accordance with Article 26a to amend Annex IV, in order to include in the list of hallmarks potentially aggressive tax planning arrangements or series of arrangements in response to updated information on those arrangements or series of arrangements, which is derived from the mandatory disclosure of such arrangements.
  It shall do so every two years acting on the basis of the information that will be available regarding new or modified tax evasion and tax avoidance arrangements, publishing its new criteria in draft form four months prior to bringing them into force
  .

It shall do so every two years acting on the basis of the information that will be available regarding new or modified tax evasion and tax avoidance arrangements, publishing its new criteria in draft form four months prior to bringing them into force

Amendment 39

Amendment 39

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 7

Article 1 — paragraph 1 — point 7

Directive 2011/16/EU

Article 25a — paragraph 1

| Text proposed by the Commission | Amendment |
| --- | --- |
| Member States shall lay down the rules on penalties applicable to infringements of national provisions adopted pursuant to this Directive and concerning Articles 8aa and 8aaa, and shall take all measures necessary to ensure that they are implemented. The penalties provided for shall be effective, proportionate and dissuasive. | Member States shall lay down the rules on penalties applicable to infringements of national provisions adopted pursuant to this Directive and concerning Articles 8aa and 8aaa, and shall take all measures necessary to ensure that they are implemented. The penalties provided for shall be effective, proportionate and dissuasive.
  The Commission may publish an indicative table of penalties
  . |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

Member States shall lay down the rules on penalties applicable to infringements of national provisions adopted pursuant to this Directive and concerning Articles 8aa and 8aaa, and shall take all measures necessary to ensure that they are implemented. The penalties provided for shall be effective, proportionate and dissuasive.

Member States shall lay down the rules on penalties applicable to infringements of national provisions adopted pursuant to this Directive and concerning Articles 8aa and 8aaa, and shall take all measures necessary to ensure that they are implemented. The penalties provided for shall be effective, proportionate and dissuasive.
  The Commission may publish an indicative table of penalties
  .

The Commission may publish an indicative table of penalties

Amendment 40

Amendment 40

Proposal for a directive

Proposal for a directive

Article 1 — paragraph 1 — point 8

Article 1 — paragraph 1 — point 8

Directive 2011/16/EU

Article 26a — paragraph 5 a (new)

| Text proposed by the Commission | Amendment |
| --- | --- |
| | 5a.
     
  By ... [three years after the date of entry into force of this Directive] and every three years thereafter, the Commission shall submit a report on the application of this Directive to the European Parliament and to the Council. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

5a.
     
  By ... [three years after the date of entry into force of this Directive] and every three years thereafter, the Commission shall submit a report on the application of this Directive to the European Parliament and to the Council.

Amendment 41

Amendment 41

Proposal for a directive

Proposal for a directive

Annex 1

Annex 1

Directive 2011/16/EU

Annex IV — Main benefit test — paragraph 1

| Text proposed by the Commission | Amendment |
| --- | --- |
| The test will be satisfied where the main
  benefit
  of an arrangement or of a series of arrangements is to obtain a tax advantage if it can be established that the advantage is the outcome which one may expect to derive from such an arrangement, or series of arrangements, including through taking advantage of the specific way that the arrangement or series of arrangements are structured. | The test will be satisfied where
  one of
  the main
  benefits
  of an arrangement or of a series of arrangements is to obtain a tax advantage if it can be established that the advantage is the outcome which one may expect to derive from such an arrangement, or series of arrangements, including through taking advantage of the specific way that the arrangement or series of arrangements are structured. |

Text proposed by the Commission

Text proposed by the Commission

Amendment

Amendment

The test will be satisfied where the main
  benefit
  of an arrangement or of a series of arrangements is to obtain a tax advantage if it can be established that the advantage is the outcome which one may expect to derive from such an arrangement, or series of arrangements, including through taking advantage of the specific way that the arrangement or series of arrangements are structured.

benefit

The test will be satisfied where
  one of
  the main
  benefits
  of an arrangement or of a series of arrangements is to obtain a tax advantage if it can be established that the advantage is the outcome which one may expect to derive from such an arrangement, or series of arrangements, including through taking advantage of the specific way that the arrangement or series of arrangements are structured.

one of

benefits

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(1)  Texts adopted, P8_TA(2016)0310.

1

(27)  Council Directive 2014/107/EU of 9 December 2014 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation (OJ L 359, 16.12.2014, p. 1).

27

(27)  Council Directive 2014/107/EU of 9 December 2014 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation (OJ L 359, 16.12.2014, p. 1).

27

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