EU tax for massive recovery package? We'll see...
Published
Brussels (AFP) July 23, 2020
One of the biggest gambles of the 750 billion-euro coronavirus recovery package agreed by the EU is the idea that Brussels will be able to raise new taxes and levies across Europe in order to pay for it. The European Union budget has historically been paid for by direct contributions by member states, with some revenue coming from customs duties and other sources. But in a landmark shif