According to the proposal, a quarter of these CO2 revenues – which currently go mostly to governments – would go to the EU budget in the future, which would mean an average of 12,000 million euros per year between 2026 and 2030.
The second would impose carbon costs on imports of goods from countries with weaker CO2 emission standards., and three quarters of that income would go to the community budget, providing 1 billion euros a year on average between 2026 and 2030.
The third tax would grant the budget a 15% share of the residual profits of large multinational companies relocate to EU countries under a G-20 and OECD agreement on a reallocation of tax rights.
These revenues could amount to between 2,500 and 4,000 million euros per year.
The Covid-19 recovery fund must be returned before 2058.
EU Budget Commissioner Johannes Hahn said governments have a strong incentive to accept the new taxes, to avoid having to pay more in the next EU budget to pay off that debt.
Commission proposals must be negotiated by the European Parliament and the EU countries. A second package of similar proposals is planned for 2023.
Source From: Ambito
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