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

23 June 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|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 European Commission (the Commission) published an adjusted package for the next generation of own resour…

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