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EU targets large firms to unlock budget deal

Summary by Politico Europe
European Council President António Costa hopes the concessions will facilitate an agreement on the bloc’s next long-term budget.

8 Articles

Lean Right

Brussels is looking for new sources of revenue to form the EU's long-term budget, trying to overcome the rigid differences between member countries through the introduction of supranational corporate fees.

The EU expects to supplement the future budget with a new levy on the largest companies operating in the European market, with the Chairman of the Euro Council ... 06.11.2026, PRIM

European Council President Antonio Costa has proposed narrowing the proposed controversial corporate tax to apply only to large companies with annual turnover exceeding €750 million, two EU diplomats familiar with the discussions told Politico.

European Council President Antonio Costa has proposed limiting a controversial new corporate tax exclusively to large multinationals with an annual turnover of more than €750 million, in an attempt to unblock tough negotiations on the EU's next seven-year budget (2028-2034). The proposal was discussed on Thursday (5/11) in what are known as ... More www.ertnews.gr

The European Union is trying to reach agreement on the future of the Community budget by amending taxes that have caused misunderstandings between Member States, broadcasts Mediafax, which quotes Politico. The President of the European Council, Antonio Costa, proposed that a controversial tax on companies should apply only to large companies, with an annual turnover of more than [...]

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Politico Europe broke the news in Brussels, Belgium on Thursday, November 5, 2026.
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