The European Parliament approved the Interim report on the proposal for the multiannual financial framework for 2028-2034 on 28 April 2026, setting out the Parliament's position for the upcoming seven-year budget. With respect to taxation, the report reaffirms the Parliament's strong commitment to the introduction of new own resources, including the "basket approach" proposed by the European Commission. Further, it is stated that if certain elements of the basket approach are not adopted, re…