EconomyEuropeFeaturesFinanceGlobal IssuesPoliticsSocietyWorld

EU plans to tax its way out of recovery debt

Three new EU levies to be unveiled next week will need the backing of all 27 capitals

The European Commission is set to propose three new levies aimed at repaying the €800 billion debt mountain it plans to issue to reboot the EU’s economy.

  • Bjarke Smith-Meyer and Paola Tamma
  • Politico

The package of so-called “own resources,” to be adopted on December 22, includes revenues from a looming levy on the world’s 100 biggest companies, from the EU’s planned carbon border tax, and from a…

“These initiatives require EU action, and therefore constitute an appropriate base for EU own resources,” the…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button