European Union leaders, facing the need to fill the hole in the bloc’s finances left by Brexit, are focusing on a tax on non-recycled plastic when they try to hash out a multiyear budget this week.
The European Commission, the EU’s executive body, began planning almost two years ago for new revenue sources to help fund the 27-nation bloc’s proposed 1.13 trillion euro ($1.23 trillion) seven-year budget.
Until now, the budget has been financed by member state contributions, import duties, and a percentage of each member state’s national value-added tax rate. But the U.K.’s exit from the bloc has left ...
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