Author (Person) | Thomson, Ian | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Publisher | ProQuest Information and Learning | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Series Title | In Focus | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Publication Date | October 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Content Type | Topic Guide | In Focus | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In July 2004 the European Commission announced that it intended to propose to generalise the principle of correcting any Member State's excessive net budgetary burden. The principle was acknowledged in 1984 when a rebate to the United Kingdom was introduced. A 'generalized correction mechanism' has now been proposed by the European Commission, the main characteristics of which is: triggering if net contributions exceed 0.35% of a Member State's Gross National Income (GNI); contributions above this refunded at a rate of 66%; total refund volume limited to a maximum of €7.5 billion a year, financed by all Member States based on their relative share of GNI. EU: Report
EU: Legislation and Policy Making EU: Background National/regional/local official organisation Commercial publisher and media
Related Publications Journal Articles Conning cuts (The European Journal, Vol.11, No.4, March 2004, p5-6) Click here to find further information on the subject of this week's In Focus. |
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Subject Categories | Economic and Financial Affairs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Countries / Regions | Europe, United Kingdom |