• <a fr-original-style="" href="https://www.reuters.com/business/eu-commission-proposes-three-new-eu-taxes-repay-recovery-fund-borrowing-2021-12-22/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">The European Commission</a> proposed three new EU-wide taxes to pay back the joint government borrowing for the €800 billion Covid-19 recovery fund, generating about €2.5–4 billion annually from 2026 to 2030.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">The first measure: Introducing a new carbon market in which buildings and cars are taxed for their CO2 emissions, while imposing higher taxes for ships and airlines under the existing one, for an estimated revenue of €12 billion annually.</li><li fr-original-style="" style="box-sizing: border-box;">The second measure: Imposing carbon costs on imports from countries with weaker CO2 emissions standards, for €1 billion a year.</li><li fr-original-style="" style="box-sizing: border-box;">The third measure: Securing “15% share of the residual profits from large multinational companies that will be re-domiciled in EU countries under a G20 and OECD agreement on a reallocation of taxing rights.”</li></ul>

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