Most countries are opposed to a new ‘Corporate Resource for Europe’
France is open to a controversial new EU corporate tax to fund European spending alongside new levies on carbon emissions, electronic waste and tobacco, its ambassador said on Tuesday.
The French ambassador gave full-throated support to controversial European Commission plans to introduce new taxes aimed at raising €66 billion a year for the EU budget at current prices, according to diplomats familiar with the talks.
His support for a new ‘Corporate Resource for Europe’ (CORE), a levy on corporations making more than €100 million per year that is expected to raise €6.8 billion a year, raised eyebrows.
While momentum is building behind new taxes on carbon emissions and non-recycled electronic waste, there is little support for new taxation on tobacco or businesses.
