The trade union urgently needs more money for the coming years and is looking for new sources of income. In addition to an extra tax for companies with a high sale, tobacco and nicotine products should therefore also rinse more in the EU budget in the future. However, the committee project must experience resistance among the countries.
The EU will present its plans for the several year financial frameworks on Wednesday. The first details are already through. One thing is certain: the EU committee urgently needs more money for the coming years, for example to invest in upgrade.
Tobacco tax must be increased
This is demonstrated by the first concepts that leak on Wednesday due to the presentation of the multi -year financial plan. The Brussels bureaucrats apparently think of something that has been largely taboo so far: instead of trusting membership costs or income from Customs and Co., the EU wants the tax revenues itself – at least indirectly. So far this has only been the case with sales tax. This time the EU has its sights on the second largest consumption tax, tobacco tax.
However, it will probably not collect the tax itself, but wants to secure extra income for its own budget is in a concept. A new Tobacco Tax Directive is currently in the making anyway, making smoking more expensive. Alternatives such as pouches and heaters in particular should yield more. Member States must then deliver the increasing income to the EU.
The Member States want income for themselves
There will probably be resistance from the Member States and unanimity is also necessary. The Swedish finance minister Elisabeth Svantesson already wrote on X (formerly Twitter) that the plans were “unacceptable”. The turnover of the tax that Sweden collects must stay in their own budget and “not go to EU deskucration”. This should also see other countries that are reluctant to transfer sovereignty and urgently need tax revenues in times of high deficits themselves.
Upon request, the Austrian Ministry of Finance did not want to comment on the committee’s official proposal on Wednesday. The EU committee does not want to say anything about details in advance.
Tax on larger companies, reimbursements on packages
The design also speaks of a new tax for companies with more than 50 million euros in turnover. There must also be amazing, so that companies with very high sales contribute. In addition, packages from China must be occupied with a tax or reimbursement and penalties for electrical waste.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
