new sources of revenue

08 Jun: The EU needs new sources of revenue, MEPs stress

(Source: European Parliament)

New streams of EU revenue to be proposed in July should bring fairer taxation and help repay the debt incurred to finance the EU recovery plan, MEPs said on Tuesday.

In a debate in plenary, Commissioner Johannes Hahn confirmed that the Commission will table proposals for three new EU income streams based on a carbon border adjustment mechanism, a digital levy and the EU Emissions Trading System as specified in the “roadmap for new Own Resources”.

MEPs welcomed the announcement but criticised the Commission for the delay in the proposals, which will come out on 14 July …