The idea of new European taxes for 60 billion euros per year risks hitting businesses and growth

Omissions

• The €60 billion per year figure represents the European Parliament's position calling for 'at least €60 billion' in new own resources, not a specific European Commission proposal for that exact amount
• The Commission presented its new own resources proposals on July 16, 2025 as part of the MFF 2028-2034 package, but the exact revenue potential depends on implementation rates and call rates
• The Parliament's target of €60 billion annually is intended to cover NextGenerationEU debt repayments and finance EU priorities without additional burdens on national budgets
• The source publication dates (2026) are after the session date but refer to data from 2025 that the MEP could have known

Sources

• PrimaryEuropean Parliament EPRS BriefingThe draft report welcomes the Commission's efforts to propose a broader basket of new own resources and calibrations to traditional ones
• SecondaryDemocrataThe objective is ambitious: to raise at least 60 billion euros annually. This money would have a specific and urgent mission: to cover the...
• SecondaryMFF HubWe welcome the European Parliament's firm commitment to agree on a new own resources package totalling at least €60 billion per year
• SecondaryEY Tax AlertsOn July 16, 2025, the European Commission unveiled its long-term budget proposal for 2028 to 2034, detailing potential revenue sources