About: own resources
Widespread support for EU social climate fund in European Parliament
Lawmakers from across the political spectrum voiced support for a new EU fund to shield poor households from the impact of the green transition, although views diverge on where the money should come from and where it should go.
German industry wants export rebates, free certificates and a carbon border levy
As France continues to push for a new border levy for carbon-intensive products entering the EU, German stakeholders fear that the removal of their free permits to pollute could destroy their competitiveness abroad.
New ‘own resources’ for EU budget will come from carbon market, executive says
The European Commission on Wednesday (22 December) announced its intention to use revenues from the EU carbon market and upcoming border levy as well as taxes on multinational companies in order to repay money borrowed for the bloc's €800 billion coronavirus recovery fund.
EU’s proposed social climate fund comes under fire from all sides
At a meeting in Brussels on Monday (20 December), EU environment ministers criticised the European Commission’s proposal for a social climate fund that would support vulnerable households through the energy transition. Their motives, however, diverged widely.
US lawmakers push carbon border tariff similar to EU’s CBAM
Democrats in the US Senate are considering a "polluter import fee", similar to the EU’s recently unveiled carbon border adjustment mechanism (CBAM), to help fund President Joe Biden's $3.5 trillion recovery package.
Commission to start borrowing recovery funds in June
The European Commission confirmed on Monday (31 May) that it will start borrowing the €800 billion needed to finance the recovery fund in June, after all member states gave their approval to the issuance of EU debt which is on an unprecedented scale.
No progress on EU’s long-term budget negotiations
EU member states and the European Parliament continued to disagree on Friday (18 September) on whether to increase the Union’s long-term budget, complicating attempts to reach a quick agreement on the badly needed recovery fund for the member states.
European Parliament votes for new taxes in EU to repay recovery borrowing
The European Parliament voted on Wednesday (16 September) in favour of assigning new tax revenues to the European Union to repay the bloc's intended joint borrowing of €750 billion for economic recovery after the COVID-19 pandemic.
Finance ministers to discuss fiscal dumping inside the EU at Berlin meeting
EU finance ministers will discuss how to combat harmful tax practices within the EU during their informal meeting in Berlin this weekend, according to the German presidency's preparatory documents seen by EURACTIV.
Moscow cries foul over EU’s planned carbon border tax
Russia’s economic development minister warned last week that the EU’s plans to deploy a carbon tax at the bloc’s borders will not be in line with World Trade Organisation (WTO) rules, just as Brussels doubled down on the idea of green tariffs.
No consent to ‘historic’ recovery plan without new revenues, MEPs warn
The European Parliament will only give its consent to a new EU long-term budget if the basket of own resources is increased to pay for the recovery fund, the main political groups warned in a letter addressed to EU leaders ahead of Friday's (19 June) summit.
Commission says new Single Market tax would target below 0.2% of turnover
A new corporate tax could raise €10 billion a year to help fund stimulus plans while amounting to less than 0.2% of turnover of large companies that benefit from the European Union's single market, the bloc's executive said on Monday (1 June).
French MEP floats ‘win-win’ green compromise on EU budget
A European tax on financial transactions and corporate profits could bring an annual €120 billion to the EU budget and finance a green recovery from the COVID-19 crisis, without asking a penny more from national governments, says Pierre Larrouturou.
Michel offers flexible EU budget to convince sceptics
More flexibility within the Common Agriculture Policy and more money to less developed regions instead of a larger budget is what European Council President Charles Michel will offer to sceptic countries to agree on a new EU 7-year blueprint next week.
Lawmakers pressure Paris to do more for EU budget
MEPs in charge of negotiating the EU's next seven-year budget, the Multiannual Financial Framework (MFF), came to Paris to seek France's support before the start of decisive talks on the future European budget. EURACTIV France reports.
The case for a border carbon tax as an own resource to the EU budget
To deliver on the flagship European Green Deal, there is a need to introduce a new source of revenues for the EU budget under the form of carbon tax, writes Ivailo Kalfin.
The battle of numbers that will shape EU’s future
It might not be the sexiest debate but how the EU will look in the next seven years will depend on the outcome of one of the toughest upcoming fights in 2020: the negotiation over the bloc’s next long-term budget.
MEP Novakov: EU Cohesion policy needs a tough lady like Elisa Ferreira to defend it
Rule of law should be a matter of respect everywhere, not only in the Cohesion Policy. But ordinary beneficiaries should not be held responsible for the action of the whole country infringing common EU standards, MEP Andrey Novakov told EURACTIV Slovakia in an interview.
Why it makes sense to adopt new own resources for the EU budget
The European Union is forgetting the revenue side of the EU budget to pursue its policies. The new own resources can provide a link to an EU policy, increase ownership, and shape behaviour of citizens, businesses and governments, write a group of Slovak diplomats.
French anger at CAP co-financing proposal
The European Commission’s suggestion that EU member states co-finance part of the Common Agricultural Policy (CAP), the biggest consumer of the bloc’s budget, has met with steady support in Germany and exasperation in France. EURACTIV France reports.
MEP: Own resources are only answer to EU’s ‘budget schizophrenia’
The revision of the multiannual financial framework will give the EU budget more breathing room but will still not give the bloc enough clout, MEP Isabelle Thomas told EURACTIV France.
The EU budget: Unlocking a new vision for Europe
The key to unlocking a more inspiring and politically winnable New Vision for a strong Europe may well be the next European budget, writes David Holyoake.
Monti group advisor: EU money could be better targeted at external borders
Instead of punishing member states that refuse to accept refugees, there could be improved compensation for those that accept refugees and manage their resettlement, Dr. Giacomo Benedetto told EURACTIV Slovakia in a wide-ranging interview.