Costa: We Cannot Ask for More Money From Member States, New Taxes Will Be Needed
6 Articles
6 Articles
António Costa would protect member states' budgets from increased payments with new EU revenues, while Friedrich Merz would cut hundreds of billions of euros from the next common budget. The agreement planned for the end of the year is being hampered by the fact that governments have so far provided support for less than a third of the new revenues hoped for by Brussels.
France leads the pressure for new European resources to contribute more than 60 billion annually to the Community budget
Brussels wants to tax the turnover of companies as early as 2028. The French Treasury wins, French companies lose there, and Paris supports the text.
At the heart of the negotiations for the next multiannual budget of the European Union (2028-2034) is the proposal to impose new European taxes worth 66 billion euros per year. The President of the European Council, Antonio Costa, during a joint press conference in Berlin with German Chancellor Friedrich Merz, argued that the creation of these new "own resources" could ease the direct national contributions of member states to the Union's coffer…
European Council President Antonio Costa, in a bid to “win over” Germans opposed to the EU budget, said imposing new taxes — amounting to 66 billion euros — provided for in the plan could protect German taxpayers from paying more money to Brussels. As there are fewer than [...] The post New European Taxes of 66 Billion a Year, Brussels Calls for EU Member States appeared first on IEIDiseis.
Taxes at EU level – so-called own resources – are needed to finance common European policies.
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