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European Commission proposes adjusted package for the next generation of 'own resources'

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European Union

  • The European Commission published a proposed package for the next generation of “own resources” to finance the European Union (EU) budget.
  • The proposals may lead to tax increases in the EU and include a new temporary statistical-based own resource on company profits to raise €16 billion per annum.
  • The proposal will move to negotiations between Member States.

Executive summary

On 20 June 2023, the Euro…

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