EU considers using global tax revenue for next budget, diplomats say
Commission explores redirecting proceeds from 15% minimum corporate tax on multinationals to the bloc's seven-year spending plan
The European Commission is examining whether to channel revenue from a global minimum corporate tax on large multinationals into the EU's next seven-year budget, four EU diplomats with knowledge of the proceedings told POLITICO. The move could help resolve deadlocked negotiations over new EU-wide taxes that have stalled budget talks.