“Eurotax” to fund EU?

Published on 9 August 2010 at 11:10

Cover

In order to finance its policies, "Brussels foresees a European tax", headlines theFinancial Times Deutschland, following budget commissioner Janusz Lewandowski's announcing his intention to submit several options to the twenty-seven member states come September. Among them: taxes on plane flights, financial transactions and on the revenues from the auction of CO2 emissions credits. It is an "explosive proposition", considers the FTD, since most of the member states have recently expressed hostility to such measures. But confronted by the depressing state of public coffers in this time of austerity, more than one finance minister could be tempted by the idea of transferring such contributions directly to EU operations, which would be less costly – for taxpayers.

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic