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The New Long-Term Budget of the European Union and New European Taxes

The New Long-Term Budget of the European Union and New European Taxes ec Forum TAX REVIEW 2015­1 Auke R. Leen* 1 INTRODUCTION The Multiannual Financial Framework (MFF) 2014­2020 of the European Union (EU) is the first long-term budgetary framework under the Treaty of Lisbon. A mid-term review/revision is a part of it. In this review, one of the important decisions is about new own resources: the introduction of European taxes. The MFF has been called a political power game among the budgetary institutions.1 The article answers the question: what are the chances of the introduction of new taxes given the results of the power game with the present MFF? The article starts with stating the MFF as a fiscal responsibility framework: the logical outcome of the long-term evolution of the budget. Subsequently, the most likely results of the institutional power game for the present MFF will be given: in theory the budget is curtailed, in practice the cut will probably not materialize. As a result the chances are high, that at the mid-term revision, EU taxes will be introduced to finance the budgetary gap. 2 THE MFF During the eighties of the last century, the yearly budgetary negotiations were plagued by stalwart negotiations between the European Council (Council) and the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png EC Tax Review Kluwer Law International

The New Long-Term Budget of the European Union and New European Taxes

Leen
EC Tax Review , Volume 24 (1) – Feb 1, 2015
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Kluwer Law International
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Abstract

ec Forum TAX REVIEW 2015­1 Auke R. Leen* 1 INTRODUCTION The Multiannual Financial Framework (MFF) 2014­2020 of the European Union (EU) is the first long-term budgetary framework under the Treaty of Lisbon. A mid-term review/revision is a part of it. In this review, one of the important decisions is about new own resources: the introduction of European taxes. The MFF has been called a political power game among the budgetary institutions.1 The article answers the question: what are the chances of the introduction of new taxes given the results of the power game with the present MFF? The article starts with stating the MFF as a fiscal responsibility framework: the logical outcome of the long-term evolution of the budget. Subsequently, the most likely results of the institutional power game for the present MFF will be given: in theory the budget is curtailed, in practice the cut will probably not materialize. As a result the chances are high, that at the mid-term revision, EU taxes will be introduced to finance the budgetary gap. 2 THE MFF During the eighties of the last century, the yearly budgetary negotiations were plagued by stalwart negotiations between the European Council (Council) and the

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EC Tax Review – Kluwer Law International

Published: Feb 1, 2015

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