A late effort to include new EU-wide taxes in the bloc’s next budget plan fell through as none of the additional levies—on digital services, crypto assets, and online gambling—were included in the amended proposal.
That means that for now, the EU will only discuss the European Commission’s proposed levies: a corporate tax on large companies operating in the EU, a share of tobacco excise, and a tax on uncollected electronic waste, plus changes to the share of customs and value-added tax receipts.
The new spending plan, presented Thursday, makes modest cuts worth over €30 billion to the ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.