EU budget needs taxes governments aren’t already raising, Costa says

Published 1w ago · Updated 1w ago

Covered in 3 countries

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Ireland is driving ambitious tax proposals as EU ministers intensify negotiations over the bloc's long-term budget in Brussels.

EU ministers have gathered in Brussels as intense negotiations over the bloc's long-term financial framework move forward. The Irish government is currently leading member-state discussions and is set to present an ambitious draft proposal containing new European Union taxes. These high-stakes fiscal talks highlight ongoing efforts among member states to agree on sustainable revenue streams for future community spending.

Ireland currently holds the chair for member-state discussions concerning the long-term European Union financial framework.
The forthcoming draft text features specific proposals aimed at establishing new European Union-wide taxes.
European Union ministers have convened in Brussels to accelerate progress on the intensifying budget negotiations.

Written from 2 of 3 outlets — 1 has since joined this story.

Timeline

Sep 21The Irish government announced plans to present an ambitious draft text featuring new EU taxes.
Sep 22EU ministers convened in Brussels as budget negotiations continued to intensify.

Why it matters

The long-term European Union budget dictates funding priorities across the bloc for years, making revenue generation and new tax proposals a contentious and vital area of agreement among member states.