France Is Advocating for 60 Billion Euros in New European Taxes
4 Articles
4 Articles
BRUSSELS — France believes the new European taxes, being discussed as part of the EU's next multiannual budget, should amount to more than 60 billion euros, according to three European diplomats who wished to remain anonymous due to the confidential nature of the discussions. Paris has emerged as the main advocate for these new taxes, known as "own resources" in Brussels jargon, emphasizing that they will generate more revenue to be allocated to…
France's new European taxes could bring more than €60 billion and reduce national contributions to the EU budget.
France has proposed a new tax revenue target of €60 billion for the EU's budget for the next seven years. Member states are approaching the proposal cautiously.
France reportedly wants more than 60 billion euros in revenue from new taxes to be applied across the Union to finance the European Union's (EU) budget for the next 7 years.
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