From Blackout News - AI translation of the original German.
EU plans its own corporate taxes to cover increased spending
The EU Commission is directing its course towards new corporate taxes to cover rising expenses. The step follows because several states are rejecting higher contributions. In addition, Brussels is striving for more EU own resources and is relying on structural reforms in the financial framework. Defence financing is also coming into focus as geopolitical risks increase. In addition, the Commission is planning stronger group levies in order to broaden the revenue base and reduce dependence on national budgets
Corporate taxes at the core of the EU's new financial strategy
The Commission defines large companies as the central source of future revenue. New corporate taxes are intended to enable more reliable financing and close the gap created by the rejection of additional contributions. In addition, other instruments are coming into focus: higher costs in emissions trading, stricter CO₂ offsetting and stronger corporate levies. These measures are intended to stabilise the financial framework without placing a greater burden on national budgets. However, representatives of energy-intensive industries warn of considerable risks and point to a weak construction economy. Companies speak of rising corporate levies, which are hardly sustainable in a recession.
The EU Commission is directing its course towards new corporate taxes to cover rising expenses. The step follows because several states are rejecting higher contributions. In addition, Brussels is striving for more EU own resources and is relying on structural reforms in the financial framework. Defence financing is also coming into focus as geopolitical risks increase. In addition, the Commission is planning stronger group levies in order to broaden the revenue base and reduce dependence on national budgets
Corporate taxes at the core of the EU's new financial strategy
The Commission defines large companies as the central source of future revenue. New corporate taxes are intended to enable more reliable financing and close the gap created by the rejection of additional contributions. In addition, other instruments are coming into focus: higher costs in emissions trading, stricter CO₂ offsetting and stronger corporate levies. These measures are intended to stabilise the financial framework without placing a greater burden on national budgets. However, representatives of energy-intensive industries warn of considerable risks and point to a weak construction economy. Companies speak of rising corporate levies, which are hardly sustainable in a recession.
2 comments:
The great thing about corporate taxes, from the point of view of politicians, is that the people who pay them don't realise it.
Because corporations don't pay the taxes of course. They can't: they are just legal fictions. A corporation can't pull in its belt and reduce consumption.
The people who do pay, it terms of reduced consumption, are customers, employees, and shareholders (the latter probably being your pension fund).
It's a grand stunt in the short term. In the long term, what the hell? Blame Trump, or Global Boiling, or Putin, or Xi.
dearieme - yes the furtive nature of their scheme will be what appeals to EU bureaucrats. It will be interesting to see if they tax sustainable energy corporations because they would probably be more vociferous than some of the others who may quietly shift their operations abroad.
Post a Comment