Urgent.News

What's breaking now, across thousands of outlets.

World

Ireland backs 'ambitious' new EU taxes as budget talks intensify

The Irish government, which is chairing member-state discussions on the EU’s long-term budget, will present an “ambitious” draft text featuring proposals for new EU taxes.

Ireland supports ambitious new EU taxes as budget negotiations intensify, according to Irish Minister for European Affairs Thomas Byrne. The European Union is currently discussing its long-term budget for 2028-2034, with the Irish government leading the talks. The draft budget is expected to include new own resources taxes, such as the Carbon Border Adjustment Mechanism, parcel handling fees, and an online gambling tax, among others.

These proposals aim to generate revenue for the EU, with the draft text expected to be presented by mid-October. The Irish Presidency remains confident in delivering a comprehensive own resources package, emphasizing that all proposed taxes are still on the table. However, the negotiations have divided the 27 member states into two groups: the "Friends of Cohesion," seeking to protect funding for agriculture, fisheries, and regional development; and the "frugal" camp, advocating for significant budget cuts and reallocation towards priorities like competitiveness and defence.

Brief written by urgent.news from Euronews's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at euronews.com →

More in World

More from Monday 21 September →