Brussels eyes Tobin tax to aid EU coffers

On 29 June 2011 the European Commission presented its proposal for the post 2013 multiannual financial framework. The proposal affected all policies: agriculture, cohesion policy, research and development, etc. The Commission's aim was to adapt EU spending to today's and tomorrow's big issues like: growth, education and research, climate, security and EU in the world.

On the same day the Commission also present its proposal for future own resources. Proposing new own resources did not, the Commission stressed, did not mean increasing the EU budget. The idea was to reduce Member States' contributions and to compensate by new sources of income.

Article from the FT which previewed the announcement focused
on a prediction that the Commission would propose expanding its own revenue-raising powers – including the introduction of EU-wide taxes.

ESO: Background information: Regions fear being sidelined in new EU infrastructure fund http://www.europeansources.info/record/regions-fear-being-sidelined-in-new-eu-infrastructure-fund/

ESO: Background information: One in 20 EU officials could lose jobs in 'solidarity' cuts http://www.europeansources.info/record/one-in-20-eu-officials-could-lose-jobs-in-solidarity-cuts/

ESO: Background information: Leading MEPs propose VAT, carbon tariff for EU budget http://www.europeansources.info/record/leading-meps-propose-vat-carbon-tariff-for-eu-budget/

ESO: Background information: EU considers levying taxes directly http://www.europeansources.info/record/eu-considers-levying-taxes-directly/

ESO: Background information: European Commission outlines vision for taxing the financial sector http://www.europeansources.info/record/press-release-european-commission-outlines-vision-for-taxing-the-financial-sector/

ESO: Background information: Barroso tables €1trillion budget for EU until 2020 http://www.europeansources.info/record/barroso-tables-e1-trillion-budget-for-eu-until-2020/

ESO: Background information: Barroso backs transactions tax http://www.europeansources.info/record/barroso-backs-transactions-tax/

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