France calls for new EU taxes to raise €60B
BRUSSELS — France said new EU-wide taxes should generate over €60 billion toward
the bloc's next seven-year budget, according to three EU diplomats, granted anonymity to about closed-door talks.
Paris has emerged as the main supporter of new levies, known as own resources, insisting they will generate more revenue to spend on EU priorities such as defense and competitiveness, and reduce national contributions to Brussels.
Most governments are challenging new levies to finance the EU’s next seven year budget.
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Ireland hails EU tax agreement on carbon imports and electronic waste
BRUSSELS — The Irish Council presidency welcomed “consensus” among governments to introduce new EU-wide levies on foreign polluters and electronic waste to finance
the bloc’s next seven-year budget, according to a document seen by POLITICO.
The EU’s 27 countries are narrowing down a list of potential new taxes, or own resources, to fund the bloc’s common cash pot as negotiations enter their crunch phase.
Dublin noted strong opposition among government towards an EU corporate and tobacco levy.
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Teresa Ribera floats oil tax, joint debt or bigger budget to climate-proof Europe
BRUSSELS — The European Union must start considering “audacious” proposals to afford the steep costs of coping with climate change, the European Commission's competition and green transition chief told POLITICO.
Teresa Ribera suggested that the EU should discuss a bigger budget, more joint debt and a windfall tax on fossil fuel profits to secure the hundreds of billions in investment required to climate-proof Europe's economies and societies.
The EU green transition chief says the bloc must start thinking about how to afford the challenges of a warmer world.
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