Dmytro Kharkov

Commission proposes five new levies to tackle debts, Catherine McBride notes

Commission proposes five new levies to tackle debts, Catherine McBride notes
Commission proposes levies on large firms

Catherine McBride reports that the European Commission has proposed a package of five new 'own resources' to address its significant debt obligations.

The measures include a corporate levy on companies with annual turnover above €100 million, new taxes on tobacco and electronic waste, and adjustments to revenues from the EU Emissions Trading System (ETS) and the Carbon Border Adjustment Mechanism (CBAM).

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