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Europe Daily Bulletin No. 10409

1 July 2011
Contents Publication in full By article 10 / 33
GENERAL NEWS / (ae) eu/budget
FTT and VAT reviewed to bring down national contributions

Brussels, 30/06/2011 (Agence Europe) - The introduction of an EU tax on financial transactions and a new resource based on current VAT are undoubtedly two major innovations for refuelling the EU budget during 2014-2020. They were proposed by the Commission on 29 June. In an optimistic scenario, each of these resources - to be approved by unanimity of the 27 EU member states, with a view to their being fully operational in 2018 - could bring some €30 billion per year to the EU budget....

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