US EditionEU plans new tax on big corporates to boost budget: Financial Times
24 Articles
24 Articles
The European Commission, which is looking for sources of revenue for the new budget period, plans to propose introducing an EU-wide tax on companies with a turnover exceeding 50 million euros, the Financial Times writes.
The tax should apply to all large companies operating in the EU with a net turnover of more than EUR 50 million, reports the Financial Times.
EU eyes new corporate tax to boost budget revenues amid rising spending demands
The measure, still under internal discussion, is part of a broader push to diversify the EU’s sources of income as it faces rising expenditure demands, from defence and climate initiatives to mounting debt interest.
EU plans new tax on big corporates to boost budget -FT
Brussels will propose a new tax on companies with a net turnover exceeding 50 million euros ($58.44 million) as part of an effort to generate new financing streams for the European Union’s common budget, the Financial Times report on Friday.
In order to tap new sources of revenue, the EU plans, according to a report, a new tax for companies with net sales of more than 50 million euros. Brussels apparently wants to reject plans for a pure digital tax. The Commission rejects an opinion.
EU's Bold Move: New Tax Plans to Boost Budget
The European Union is considering instituting a new tax on major corporations to increase its budget. This move aims to bolster its financial resources, as reported by the Financial Times. The proposal indicates a strategic effort to strengthen the EU's fiscal foundation amidst challenging economic conditions.
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