Download or read book Reform Options for the EU Own Resources System written by Friedrich Heinemann and published by Springer Science & Business Media. This book was released on 2008-06-10 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The general review of the European Union’s budget scheduled for the years 2008 and 2009 offers a unique opportunity for reflections. Explicitly this review is “without taboos” so that also substantive changes can and should be debated. Without doubt much better budgetary systems can be imagined compared to the status quo of the EU budget which is the outcome of a path-dependent process and where many details are only understandable by taking account of the historical context of past decisions. However, even if much better systems could be designed in theory, each reform suggestion, in the end, must pass the reality check of fi- ing unanimous support from all 27 member countries. This restriction heavily l- its the universe of available reform options. Faced with that difficulty the ZEW project team embarked on the adventure to think about possible reform options for the future EU own resource system. This volume documents the conclusions. At first sight our reform suggestion may - pear to be of a rather piecemeal nature since we recommend a reform model with strong ties to the status quo. Nevertheless, we are convinced that our seemingly minor changes will set the budget on a path towards a more rational European budget which, in the end, will create leeway for financing European policies with a true European value added. We gratefully acknowledge financial support from the German Federal Min- try of Finance in conducting this study.
Download or read book Tax based Own Resources to Finance the EU Budget written by Margit Schratzenstaller and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The existing EU system of own resources financing EU expenditures does not make any positive contribution to the various EU strategies and policies implemented to cope with the manifold long-term challenges confronting the EU. It is against this background that the European Commission as well as the High Level Group on Own Resources, but also the European Parliament have (repeatedly) called for the introduction of tax-based own resources to partially substitute national contributions to the EU budget. Our specific contribution to this debate consists in the exploration of sustainability-oriented options for tax-based own resources which are able to support sustainable growth and development in the EU. Based on a concept of sustainability-oriented taxation in the context of own resources for the EU, we develop sustainability-oriented evaluation criteria to assess the suitability of specific candidates for tax-based own resources. We then present various options for tax-based own resources and estimations of their revenue potential. Moreover, a summary evaluation of these options based on our evaluation criteria is undertaken. Finally, we address implementation aspects. In particular, we briefly present and discuss potential models to implement tax-based own resources in the EU within the existing legal framework.
Download or read book Tax based EU Own Resources written by Philippe Cattoir and published by . This book was released on 2004 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1.Introduction - 2.Criteria for the assessment of EU taxes - 3.Possible EU taxes - 4.Comparasion and overall assessment - 5.Conclusions.
Download or read book Financing the European Union written by Clemens Fuest and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: • Roughly two thirds of the European Union's budget is financed out of member states' national tax revenues. These resources, based on gross national incomes, are transparent, fair and in line with the principle of subsidiarity but they lead to political debates that emphasise the cost of EU spending rather than the benefits, and add to the perception of the EU budget in terms of net balances, rather than value added. • The financing of the EU budget must be reassessed in the light of the July 2020 decision to launch the Next Generation EU programme. Budget resources could include a plastics charge, a carbon border adjustment mechanism, a digital tax, revenues from emissions trading and a financial transactions tax. We evaluate these options against four criteria: whether the origin of the revenue can be assigned to a particular member state; whether the revenue can be raised in isolation or requires pan-European tax coordination; whether the new resource can help reduce tax distortions in the EU; and whether the resource is related to EU policies. • Revenues from emissions allowances fit these criteria best. Carbon emissions do not primarily cause damage only where they occur. Taking the EU cap on emissions as a given, additional emissions in a particular member state should be regarded as a negative externality on other member states. Emission reduction objectives are set at EU level. Whoever auctions off an allowance, wherever the corresponding emission occurs in the EU, and wherever the resulting good or service is consumed, the impact on common policy outcomes is the same. In this regard, proceeds from the sale of emissions trading system allowances are not that different from customs duties. • Compared to the ETS, the other candidates for EU own resources are less convincing. Carbon border adjustments are intended to limit international competitive distortions rather than to generate revenue. Digital taxes and minimum corporate taxes are best left to the process underway in the Organisation for Economic Co-operation and Development. On a financial transactions tax there is no agreement within the EU. • Total ETS revenues up to 2050 would approach €800 billion in a realistic scenario and possibly even €1.5 trillion assuming the scope of the ETS and the share of auctioned permits are increased. ETS revenues therefore would be largely sufficient to repay the Next Generation EU debt. However they would generate distributional effects, and so part of the revenues should finance grandfathered rights that would accrue to the member states. The EU can tackle the distributional issues involved in the reform of own resources.
Download or read book Paying for Europe written by and published by A&C Black. This book was released on 1998-12-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the European Union moves towards full economic and monetary union, the system used to finance the Union will have to change. The current arrangements were designed for a small community at a relatively low stage of integration. This book considers options for reforming the Union Budget to make it more appropriate for the challenges which will face the Union in the next century. It proposes an agenda for gradual reform which takes into account both the political and economic constraints on the Union. This title is published in conjunction with UACES, the University Association for Contemporary European Studies. UACES web site can be found at www.uaces.org
Download or read book Tax Based EU Own Resources written by Directorate-General for Taxation and Customs Union and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Next Multiannual Financial Framework MFF Its Structure and the Own Resources written by Magrit Schratzenstaller-Altzinger and published by . This book was released on 2017 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The EU budget is facing numerous long-term challenges, which are not adequately addressed, neither on the expenditure nor on the revenue side. Regardless of the future EU integration scenario, a fundamental overhaul of the MFF is required. EU expenditure should provide more European added value. Tax-based own resources partially replacing current own resources have the potential to reduce sustainability gaps within Member States’ tax regimes as well as to alleviate the juste retour problem.
Download or read book Financing the European Union written by European Commission and published by . This book was released on 1998 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reform of the Own resources System and Net Positions in the EU Budget written by and published by . This book was released on 1998 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bulletin of the European Union written by and published by . This book was released on 1994 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sustainability oriented future EU funding written by Fanny Dellinger and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Nuclear power plays an important role in Europe{u2019}s energy mix today. Considering the manifold environmental and health hazards related to all phases of nuclear power production which may cause considerable negative externalities it is remarkable that the whole issue of using taxes as instruments to internalise the externalities associated with nuclear power is completely neglected in the literature. The paper provides a rationale for taxing nuclear power which is based on an analysis of its social costs and of potential windfall profits for the nuclear industry generated by EU policies. After giving an overview of existing nuclear taxes in the nuclear power-generating EU Member States, we elaborate the case for channelling revenues from a nuclear power tax into the EU budget as sustainability-oriented tax-based own resource replacing a part of national contributions within a fiscally neutral approach to reform the current system of own resources. Finally, the potential revenues from an EU-wide nuclear power tax are estimated.
Download or read book Tax Based EU Own Resources written by Philippe Cattoir and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New EU Own Resources written by Margit Schratzenstaller and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study was prepared at the request of the Budget Committee and assesses the Commission’s recent legislative proposals for the new own resources included in the interinstitutional roadmap agreed together with the NextGenerationEU programme. These are a plastic-based contribution as well as own resources based on the EU Emission Trading System and a carbon border adjustment mechanism. Also, own resources based on the reallocation of taxation rights on profits of large MNE according to Pillar I. of the OECD/G20 Inclusive Framework on BEPS as well as the taxation of corporations and financial transactions, as further options stipulated in the IIA roadmap, are analysed. Finally, the study briefly reviews further own resource options which could create co-benefits and steering effects supporting a sustainable, inclusive, green and digital transition.
Download or read book EU Budget for the Future written by and published by . This book was released on 2018 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revenue sources of the EU budget have remained the same over the last decades: customs duties, contributions based on value added tax (VAT) and contributions based on gross national income (GNI). Examples of other sources of revenue are taxes on EU staff salaries, contributions from non-EU countries to certain programmes and fines on companies for breaching competition rules. The amount of revenue — own resources + other revenue — needs to match the amount of expenditure financed by it. The EU can neither borrow money nor run a deficit — the EU budget is always balanced.
Download or read book The European Communities Own Resources and the Budgetary Powers of the European Parliament written by European Parliament. Secretariat and published by . This book was released on 1972 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Future Financing of the European Union written by Great Britain. Parliament. House of Lords. European Union Committee and published by The Stationery Office. This book was released on 2005 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Negotiations are underway to agree the details of the European Union budget for the period of 2007 to 2013 (known as the Financial Perspective), covering the newly enlarged EU of 25 member states. Further enlargement is likely, with Bulgaria and Romania due to join in 2007 and the possible accession of Croatia and Turkey being considered. The Committee's report considers a range of issues in relation to the current budget debate, including the merits of the Commission's proposals within the framework of recent and future EU enlargement; the Common Agricultural Policy; Structural and Cohesion Funds; the Lisbon Agenda; other spending categories; the functioning of the 'Own Resources' and a EU tax; UK abatement and the Commission's proposal for a Generalised Corrective Mechanism. Conclusions reached include support for the UK Government's insistence that the UK rebate is non-negotiable, given the inadequate reforms of the CAP; however, if real reform of the budget was offered, then the UK Government should be prepared to negotiate. Structural funds should be focused on the 10 new member states, as well as the two applicant countries of Romania and Bulgaria, with the phasing out of EU regional development funds for all 'old' member states with the exception of Greece and Portugal.
Download or read book Own Resources written by and published by . This book was released on 2005 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: In our Report, and as requested by Study Specification by the European Parliament, we focus essentially on the 'rebate' issue and on an analysis of possible EU tax categories. Here we record the main topics covered in the Report. Policy conclusions are rendered in Chapter IV. Chapter I: The Issues of Fair Treatment of Member States, and of the Rebates. Member States (MS) often complain about unfair treatment under reference to their net negative budgetary balances (i.e the difference between what they contribute to the EU budget and the benefits they obtain out of the EU budget expenditures). Since1984, the UK has been granted a rebate, amounting to 66 % of its net contribution to the EU budget. The arguments in favour of this abatement , at the time, deserved to be heeded. In 1999, some MS got a 'rebate on the UK rebate'. As a result, the financing model has become even more complicated. Today, the UK rebate can no longer be defended, as in the meantime the UK has moved to the upper range in the per capita income league and as, if kept unchanged, the rebate would increase substantially over the 2007-13 period. The European Commission has proposed in July 2004, a 'generalized correction mechanism', granting a rebate to all MS, whenever they would reach a negative balance of -0.35 % of GNI. Both the individual and the overall amounts of the rebate would be subject to a ceiling. This proposal has some merits, such as the discontinuation of the 'rebates on the rebate'. Although criticized from many quarters, the Commission's proposal might provide an acceptable political compromise, as long as the present pattern of own resources (cum the rebate) is maintained.
