Brussels wants EU taxes to fuel budget

The European Commission published a Communication on the budget review on 19 October 2010. Its main findings were that the current rules for the EU budget make it slow to react to unforeseen events while too many complexities hinder its efficiency and transparency.

An EU VAT, a tax on air transport or a share of new financial, corporate or energy taxes were suggested as options for the future.

BBC News, 19.10.10: EU proposes new Europe-wide VAT http://www.bbc.co.uk/news/business-11578302

European Commission: Press Release: IP/10/1351: Budget review: Lessons learnt for tomorrow's budget http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/1351&format=PDF&aged=0&language=EN&guiLanguage=en

http://ec.europa.eu/budget/mff/index_en.cfm http://ec.europa.eu/budget/mff/index_en.cfm

EUObserver, 3.11.10: Merkel deals blow to EU tax idea Ms Merkel has been a key decision maker in Europe's recent efforts http://euobserver.com/9/31184

EurActiv, 3.11.10: Merkel pours cold water on 'EU tax' proposal http://www.euractiv.com/priorities/merkel-pours-cold-water-eu-tax-p-news-499399

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