- The European Commission released a budget proposal for 2028 to 2034 on 16 July 2025.
- The proposal includes the Multiannual Financial Framework and the Own Resources Decision.
- Five new revenue sources are identified to support the EU budget.
- A new Corporate Resource for Europe targets companies with over €100m annual net turnover.
- Companies are divided into four brackets with contributions from €100k to €750k annually.
- The proposal requires unanimous approval by EU Member States and consultation with the European Parliament.
- The decision must be ratified by all Member States according to their constitutional requirements.
Source: ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- European Commission Proposes “EU Inc.”: A Unified Digital Corporate Form to Boost Cross-Border Business
- EU-Australia Free Trade Deal Boosts Exports, Faces Criticism Over Agricultural Quotas and Protections
- Chinese Nationals Charged in Germany for €630,000 Aluminium Foil Anti-Dumping Duty Evasion
- EU VAT Committee Limits Taxation of Free Social Media Access in Exchange for User Data
- EU VAT Data Exchange Divides Members, Hindering Digital Tax Future
