The nerves are tense in Brussels. according to characteristics you should plan so to speak clearly for a European flag on your tax return.

injustice. Everything revolves around a cash pot of 750 billion euros (2018 prices) that the heads of state or government came up with in the summer of 2020. The European Commission borrows the money on the capital markets and must repay the owners of the debt between 2028 and 2058. The aim of the entire set-up is to recover more quickly after the economic blow of the corona pandemic – and that in the context of the austerity policy during the sovereign debt crisis.

Divisive is the way in which loans ultimately have to be repaid to the lenders. for the time being, there are three scenarios on the table. Or simply pay back for money from 2028 through the established European seven years. But the more frugal national Netherlands and Denmark are not particularly keen on even more contributions from the pot. Another route is to repay the current start-ups with new loans. Here too, the rather frugal countries do not want to know under any circumstances a permanent debt union. Italian Prime Minister Mario Draghi is a strong advocate. Finally, one can look for new resources for the European pot. While that raises a question mark over national sovereignty, the sky-high cost could be avoided for the first time.

Non-recycled plastic

Why? The more European sources of income, the less they will have to adapt to the corona recovery fund in the future. power struggle. Little surprising and not without good reasons must see.

Since the beginning of this year, there has already been a tax on non-recycled European – in Belgium, this amounts to millions of euros paid for a conflict between the federal government and the regions, but by the Federal Public Service Policy and Support (BOSA). That income is not used to pay the loans for the recovery fund, but to pay for other expenses. So one has to look for alternatives.

Pay completely out of your own pocket without an obligation to pay for the corona recovery.

European Commissioner for Conception Johannes Hahn

After a long time, European Commission chair Ursula von der Leyen and budget man Johannes Hahn recently came up with three new ways to repay the loans.

digital tax?

The first includes revenues through the emissions trading system (ETS) where companies have to pay an incremental amount per tonne of CO₂ that emit. A quarter of that revenue, good for an average amount of nine billion in 2023 and 2030, should go directly into the EU pot. The second is a carbon tax on the import of non-European products that do not meet the European CO₂standards – also known as the Carbon Border Adjustment Mechanism (CBAM). Finally, there is the minimum sales tax of 15 percent for multinationals that were recently created within the fold of the G20 and the OECD.

Brussels does, however, put the digital tax proposal on hold for tech giants such as Google, Amazon, Facebook and Apple. She doesn’t do that without reason. There are fears that, among others, Ireland and the United States will withdraw their support for the controversial minimum sales tax. Many tech giants are of original origin and have their headquarters parked in Ireland as a result of tax transactions. Dublin and Washington don’t exactly like double taxation. In addition, US President Joe Biden may well miss more controversy as a toothache as West Virginia Senator Joe Manchin blocks the minimum tax in the country. The European Union has implemented that despite the US stalemate wants to continue with the agreement of the deal.

According to the Commission, the combination of the three newly designed sources calculated each year between 15 and 17 billion euros. An amount, but insufficient to absorb the annual repayments for the 750 billion. an annual amount of 25 billion euros must be achieved. In other words, the future will have to impose another eight billion euros, unless other avenues open up – here and there proposals around an aircraft tax on short flights. The Commission says it plans to propose a second set of revenue sources in 2024.

The Commission’s proposal is unanimous. The European Parliament must also give its blessing. Few problems are expected in the latter, all the more so in the former. The Polish government of Prime Minister Matteusz Morawiecki has announced that unanimous approval will stop. The reason? For the time being, the European Commission does not want to release the money from the economic recovery fund intended for Poland, because of the problems with the rule of law in that country.

But time is running out. According to official procedures, the new sources of income must be approved before July 2022.

A hot spring awaits in Brussels.

The nerves are tense in Brussels. According to certain you must forward by way of tax for a European on your letter. injustice. Everything revolves around a cash pot of 750 billion euros (2018 prices) that the heads of state or government came up with in the summer of 2020. The European Commission borrows the money on the capital markets and must repay the owners of the debt between 2028 and 2058. The whole purpose of the set-up is to get things straight after the economic blow from the coronapanding to the austerity policy during the sovereign debt crisis. for the time being, there are three scenarios on the table. Or simply pay back for money from 2028 through the established European seven years. But the more frugal national Netherlands and Denmark are not particularly keen on even more contributions from the pot. Another route is to repay the current start-ups with new loans. Here too, the rather frugal countries do not want to know under any circumstances a permanent debt union. Italian Prime Minister Mario Draghi is a strong advocate. Finally, one can look for new resources for the European pot. While that raises a question mark over national sovereignty, the sky-high cost could be avoided for the first time. Why? The more European sources of income, the less they will have to adapt to the corona recovery fund in the future. power struggle. Little surprising and not without good reasons must see. Since the beginning of this year, there has already been a tax on non-recycled European – in Belgium, this amounts to millions of euros paid for a conflict between the federal government and the regions, but by the Federal Public Service Policy and Support (BOSA). That income is not used to pay the loans for the recovery fund, but to pay for other expenses. So one has to look for alternatives. After a long time, European Commission chair Ursula von der Leyen and budget man Johannes Hahn recently came up with three new ways to repay the loans. The first includes revenues through the created emissions trading system (ETS) where companies have to pay an incremental amount per tonne of CO2 they emit. A quarter of that revenue, good for an average amount of nine billion in 2023 and 2030, should go directly into the EU pot. The second is a carbon tax on imports of non-European products that do not meet European CO2 standards in the country – also known as the Carbon Border Adjustment Mechanism (CBAM). Finally, there is the minimum sales tax of 15 percent for multinationals that were recently created within the fold of the G20 and the OECD. Brussels does, however, put the digital tax proposal on hold for tech giants such as Google, Amazon, Facebook and Apple. She doesn’t do that without reason. There are fears that, among others, Ireland and the United States will withdraw their support for the controversial minimum sales tax. Many tech giants are of original origin and have their headquarters parked in Ireland as a result of tax transactions. Dublin and Washington don’t exactly like double taxation. In addition, US President Joe Biden may well miss more controversy as a toothache as West Virginia Senator Joe Manchin blocks the minimum tax in the country. The European Union has implemented that despite the US stalemate wants to continue with the agreement of the deal. According to the Commission, the combination of the three newly designed sources calculated each year between 15 and 17 billion euros. An amount, but insufficient to absorb the annual repayments for the 750 billion. an annual amount of 25 billion euros must be achieved. In other words, the future will have to impose another eight billion euros, unless other avenues open up – here and there proposals around an aircraft tax on short flights. The Commission says it plans to propose a second set of revenue sources in 2024. The Commission’s proposal is unanimous. The European Parliament must also give its blessing. Few problems are expected in the latter, all the more so in the former. The Polish government of Prime Minister Matteusz Morawiecki has announced that unanimous approval will stop. The reason? For the time being, the European Commission does not want to release the money from the economic recovery fund intended for Poland, because of the problems with the rule of law in that country. But time is running out. According to official procedures, the new sources of income must be approved before July 2022. A hot spring awaits in Brussels.