The European Union is exploring the possibility of introducing new taxes to fund a more robust budget. This initiative, as reported by De Tijd, aims to strengthen both Europe's economic competitiveness and its defense capabilities. Among the revenue sources under consideration are a flight tax and a crypto tax, which would represent a significant shift in financing strategies. Even previously critical member states appear to be accepting these plans to boost the Union's financial capacity.
Context of the measures
The search for new revenues stems from the ambition to make Europe less dependent and better equipped for future challenges. "To make its economy more competitive and strengthen its defense, Europe needs a more robust budget," according to De Tijd. The introduction of such taxes would not only directly benefit the budget but also indirectly contribute to achieving broader European objectives in terms of sustainability and digital transformation. Discussions on this matter are actively ongoing within the European institutions.