US EditionMore Taxes, More Debt, More Spending: Brussels' New Seven-Year Budget Plan - Brussels Report
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The European Commission will present a proposal on Wednesday that will kick off long and difficult negotiations. According to information from Iltalehti, the European Commission will likely present a new joint debt instrument and a corporate tax for large companies as part of the EU's 2028–2034 budget. The Commission is expected to present its proposal for the next seven-year financial framework at noon on Wednesday. The Commission aims to keep …
More Taxes, More Debt, More Spending: Brussels' New Seven-Year Budget Plan - Brussels Report
On Wednesday, the European Commission will present its final proposal for the EU’s new long term budget, the 2028-2034 “multiannual financial framework” (MFF). As usual, some of the content has already been leaked, for example that it wants to create a “European Competitiveness Fund” (ECF) by merging up to 14 existing budget lines listed in the current budget. The Commission also wants to make the EU budget more flexible, by ensuring that signif…
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