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Consultation procedure First reading

Laying down rules on a debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes

Parliament is consulted: it gives an opinion and can propose amendments, but the Council takes the decision and need not follow them.

Where it stands: Parliament gave its opinion on 16 January 2024. The Council takes the final decision.

  1. ✓ Referred to committee 9 June 2022
  2. ✓ Committee work Report adopted 28 November 2023
  3. ✓ Tabled for plenary 4 December 2023
  4. ✓ Plenary vote Voted 16 January 2024
  5. 5 Adopted by the Council
How a file moves through Parliament

A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. The Council takes the final decision, and the act is published in the Official Journal.

Who is working on it

Lead committee
ECON — Economic and Monetary Affairs
Rapporteur
Luděk NIEDERMAYER PPE
Shadow rapporteurs
MEP #132191 IDEvelyn REGNER S&DMEP #218349 ECRMEP #204420 Verts/ALEMEP #88715 The LeftGilles BOYER Renew

The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.

The text, version by version

Adopted by Parliament · latest Adopted text TA9-0006/2024 16 January 2024 ✦ Parliament's amended version of a proposed Council directive on a debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes.⇄ what changed Tabled for plenary Report A9-0387/2023 4 December 2023 ✦ Parliament's amended version of a Commission proposal for a Council directive on a debt-equity bias reduction allowance and on limiting interest deductibility for corporate income tax. It approves the proposal as amended.⇄ what changed Committee draft Draft report (ECON) 6 December 2022 ✦ The rapporteur's draft report approves the Commission proposal for a Council directive on a debt-equity bias reduction allowance and on limiting interest deductibility, as amended.

Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.

Timeline

  1. Plenary stage
  2. 16 January 2024 Plenary vote
    Sitting of 16 January 2024 📄 Adopted text TA9-0006/2024📄 Report A9-0387/2023

    No single decisive ballot recorded

    How the vote unfolded · 5 ballots

    adopted rejected lapsed square = amendment circle = part of the text Solid = roll call (click for every MEP’s vote); faded = no individual positions

    Show all 5 ballots in voting order
    1. Amendments by the committee responsible — put to the vote collectively Amendments by the committee responsible – put to the vote collectively
    — no individual positions recorded
    Adopted
    2. Amendment 29 12:05 Abattement pour la réduction de la distorsion fiscale en faveur de l’endettement et limitation de la déductibilité des intérêts aux fins de l’impôt sur les sociétés - Debt-equity bias reduction allowance and limiting the deductibility of interest for corporate income tax purposes - Freibetrag zur Reduzierung der steuerlichen Begünstigung von Fremd- gegenüber Eigenkapitalfinanzierungen und Begrenzung der Abzugsfähigkeit von Zinsen für Körperschaftsteuerzwecke - A9-0387/2023 - Luděk Niedermayer - Chapitre II - titre - Am 29
    Rejected
    3. Amendment 30 to Article 4 12:05 A9-0387/2023 - Luděk Niedermayer - Article 4 - Am 30S
    Rejected
    4. Separate vote on Article 4
    — no individual positions recorded
    Adopted
    5. Proposition de la Commission 12:06 A9-0387/2023 - Luděk Niedermayer - Proposition de la Commission
    Adopted
  3. 4 December 2023 Report tabled for plenary

    This is the text all MEPs vote on. Political groups can still table amendments to it.

    📄 Report A9-0387/2023
  4. Committee stage
  5. 28 November 2023 Committee vote: report adopted

    ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.

  6. 6 December 2022 Draft report published

    The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.

    📄 Draft report (ECON)
  7. 9 June 2022 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares Parliament’s report.