|Author (Corporate)||European Commission|
|Series Details||COM (2018) 326|
Legislative proposal - adopted by the European Commission in May 2018 - which lays down rules on calculating and making available to the European Commission the Own Resources of the Union. It also sets the calculation of the applicable rate of the Own Resources based on Gross National Income (GNI).
Council Decision 2014/335/EU sets outs the general provisions of the own resources system. Unlike MFF regulations, the Own Resources Decision applies indefinitely rather than for specific multiannual periods. However, the withdrawal of the United Kingdom from the European Union and the potential contribution of the revenue side of the EU budget to wider EU objectives made the case for a new decision to be adopted for the post-2020 period. The purpose of this proposal is to lay down provisions necessary to determine the methods and procedure whereby Member States make the new Own Resources available to the Commission. These new Own Resources are based on the Common Consolidated Corporate Tax Base (CCCTB), on the European Union Emissions Trading System (EU ETS) and on Plastic packaging waste that is not recycled.
The proposed Regulation was put forward by the European Commission on 2 May 2018 as part of the initial legislative package launching discussions on the Multiannual Financial Framework (MFF) for 2021-2027. This draft law required adopted by the Council of the European Union after consulting the European Parliament and the European Court of Auditors (ECA).
|Subject Categories||Internal Markets|
|Subject Tags||Multiannual Financial Framework [MFF]|
|International Organisations||European Union [EU]|