The European Commission’s pitch to be able to raise its own resources to help finance the repayment of monies raised for the EU’s proposed seven hundred and fifty billion euro (€750bn) recovery fund, makes sense.
So says the Fine Gael MEP Sean Kelly.
The Commission is proposing a range of options to get its own sources of revenue. They include imposing annual levies on large multi-national companies to access the EU’s single market. Other proposals include carbon border levies and taxes on digital companies.
Sean Kelly says enabling the EU to raise its own resources, on top of the annual contributions made by member states to the overall multi-annual EU budget, is a good idea.
Out words: of years