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European Commission considers broader corporate levy to fund EU budget
The European Commission is exploring adjustments to the Corporate Resource for Europe (CORE) proposal to bolster the EU budget for the 2028–2034 period. To avoid diplomatic friction with the United States, officials are considering expanding the scope of the levy to include a broad range of large corporations rather than targeting the technology sector specifically. This approach aims to mitigate the risk of retaliatory tariffs from the U.S. government, which has previously threatened 100 per cent tariffs on countries implementing digital services taxes.
The current CORE framework targets companies with annual net revenues exceeding €100 million, requiring fixed annual contributions between €100,000 and €750,000. However, policymakers are discussing raising these thresholds to exempt medium-sized European firms, thereby concentrating the financial burden on the largest multinational groups, such as Apple, Google, and Meta. This revised strategy is intended to generate significant revenue while minimizing domestic concerns regarding the competitiveness of European businesses.
Entities
Apple · Donald Trump · European Commission · European Union · Google · Janet Yellen · Meta · OECD · Olaf Scholz
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 12 SOURCES] The European Commission is considering broadening the Corporate Resource for Europe (CORE) proposal. www.hungarianconservative.com · biznis.rs · www.blog-nouvelles-technologies.fr · www.frandroid.com · www.hwsw.hu · +7 more
- [● 7 SOURCES] Donald Trump warned that countries imposing digital services taxes on American companies could face tariffs of up to 100 per cent. www.hungarianconservative.com · biznis.rs · www.blog-nouvelles-technologies.fr · www.frandroid.com · newsmonkey.be · +2 more
- [● 12 SOURCES] The EU is considering expanding the tax to all large corporations to avoid singling out the technology sector. www.hungarianconservative.com · biznis.rs · www.blog-nouvelles-technologies.fr · www.frandroid.com · www.hwsw.hu · +7 more
- [● 9 SOURCES] The current CORE proposal requires companies with annual revenue above €100 million to make annual payments between €100,000 and €750,000. www.hungarianconservative.com · biznis.rs · www.blog-nouvelles-technologies.fr · www.frandroid.com · newsmonkey.be · +4 more
- [● 10 SOURCES] The Financial Times reported that the Commission is looking to increase revenue from large companies, including US tech giants. www.hungarianconservative.com · www.blog-nouvelles-technologies.fr · www.frandroid.com · www.hwsw.hu · newsmonkey.be · +5 more
- [● 3 SOURCES] The CORE measure could generate approximately €6.8 billion annually on average during the 2028–2034 budget period. www.hungarianconservative.com · www.frandroid.com · android-mt.ouest-france.fr
- [● 3 SOURCES] Implementing these changes requires the unanimous consent of all 27 EU member states. www.klubradio.hu · www.upday.com · android-mt.ouest-france.fr