Brussels proposes the creation of three own resources that would directly abound the Community budget.
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This is a subject in a technical seemingly, but whose implementation, ultimately, can change the nature of the European Union (EU). We are talking about the own resources – these taxes and taxes that would be taken from citizens and European companies to fuel the Community budget, now very largely dependent on the contributions of the twenty-seven – whose Commission wants to acquire by 2026, as she explained Wednesday, December 22.
Increased own resources, it means two things for the Member States. On the one hand, some of the levies that weigh on their taxpayers escapes them. On the other hand, the European institutions earn autonomy since they depend less on, from a financial point of view, their goodwill. In other words, many governments, within the EU, are not spontaneously favorable. No more today than yesterday.
But the choice of twenty-seven to borrow together to finance the European stimulus of 750 billion euros, after the unprecedented recession linked to the pandemic of Covid-19, forced them to qualify their position, Especially since this was an express request from the European Parliament. So they decided that own resources would be created to enable them to honor this common debt, which will cost them about 15 billion euros per year from 2026.
The Commission was slow to make its proposals, which was expected in June. The election of Joe Biden and the wish of Europeans to restore the transatlantic link, damaged by the Trump years, have, it is true, changed the deal. Brussels has indeed abandoned the track of a digital tax, since the United States supported the adoption of minimal taxation for multinationals, and that an agreement on global taxation has been concluded within L OECDE in October. The Commission also pays attention to it not (too much) Foy Washington with the carbon adjustment mechanism at the borders, which Europeans want to establish in order to tax imported goods whose production would not meet their standards in terms of environment.
Vivid debates
In this context, the Commission has identified three new own resources, which should report between 15.8 billion and € 17.3 billion each year from 2026. Part of the revenue, which will come from the implementation. In place of a new international taxation, will come to abound the European budget, at a rate of 2.5 billion and 4 billion euros per year. The border carbon adjustment mechanism should contribute to 0.8 billion euros. Finally, the enlargement of the European carbon market (Emissions Trading System, ETS) to the maritime and air sectors, as well as the creation of another CO emission quota exchange system 2 for Heating and fuel will report to Community crates 12.5 billion euros per year.
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