US EditionTax challenges facing the European defence union
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Tax challenges facing the European defence union
Written by Pieter Baert. Financing defence spending Following Russia’s brutal invasion of Ukraine, defence spending by EU Member States rose sharply, from 1.2 % of GDP to an estimated 1.9 % in 2024. Nevertheless, the protracted war in Ukraine and other security challenges, including evolving US foreign policy priorities, have forced EU Member States to double down on rearmament and the development of a robust defence industrial base. With an ele…
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