Ireland hails EU tax agreement on carbon imports and electronic waste
Dublin noted strong opposition among government towards an EU corporate and tobacco levy.
The Irish Council presidency reported that EU governments reached a consensus on introducing new EU-wide taxes on foreign carbon imports and electronic waste to finance the bloc's upcoming budget. These levies aim to reduce the national contributions to the EU from 2028 to 2034. The Carbon Border Adjustment Mechanism (CBAM), which targets foreign carbon imports, and a tax on non-collected electronic waste are seen as the most consensual options among member states.
CBAM is projected to generate around €11.5 billion for the budget cycle, while the electronic waste tax could yield €17.9 billion annually. However, the ETS tax, which deals with emissions trading scheme, and the proposed corporate profits tax face opposition from certain Eastern countries and national governments, respectively.
The Irish presidency highlighted that most Member States opposed the digital levy and voiced concerns about geo-political repercussions, but some governments expressed openness to it. The discussion around these proposed taxes continues, with less than four months remaining before the informal deadline.
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